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Plan Sponsors Spending Half Their 401(k) Time on Admin Work That Could Be Outsourced
401(k) Specialist Link to more items from this source
Mar. 17, 2023

"Nearly 89% of advisors in a new survey said that plan sponsor clients are spending up to 50% of their time on retirement plan administrative work that could be outsourced.... Advisors agree that clients are becoming more interested in fiduciary outsourcing services, with up to 50% of clients planning to add these services in 2023."

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