I-ES Retirement Plan Sponsors - PC1342-Digital

RETIREMENT PLANS

INSTITUTIONAL

What Retirement Plan Sponsors Need from an Advisor

Retirement plans are looking for more from their advisors than ever before. In particular, many sponsors of smaller defined contribution (DC) plans find it challenging and burdensome to manage their plans, struggling to keep up with the many responsibilities of plan management while at the same time trying to manage their business. While a 2014 Fidelity Investments study shows sponsor satisfaction with their advisor at 66% – up from 57% in 2010 – only 47% felt that their plan was meeting the goals of the company, and one in eight was actively looking to switch advisors. 1 If you serve on a plan committee and are considering adding an advisor or replacing one, you will want to ensure you get the best possible fit for your plan. We recommend that when exploring candidates, you consider a plan advisory firm that:

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