Although the constantly evolving world of retirement plans rarely comes with any guarantees, the prospect of material legislative change definitely exists. But even putting aside an uncertain legislative environment, innovation continues — a move toward greater personalization is a trend we see staying and progressing.
Plan sponsors will need to consider which of these priorities are most important for their plans and participants. Please reach out to your Mercer consultant to assist with setting your plan goals for 2019.
Mercer’s 2019 priorities for DC plan sponsors are oriented around three key themes:
SECURE YOUR FOUNDATION
In this litigious environment, it is essential that you have a strong governance framework in place.
ACHIEVE GREATER PROSPERITY
Focus on improving participant outcomes.
Financial confidence and financial courage are a real challenge for participants, so it is important that retirement plans are oriented to address individual needs, not just those of the mythical average participant.