Morgan Stanley Study Unpacks Plan Sponsor Trends Amid Increasing Demand for Consultancy Services
Morgan Stanley (MS)
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Source: Business Wire
• 80% of plan sponsors surveyed are using consultants in managing retirement plans• Trends indicate preference is tipping toward higher-touch services• Fund lineup and participant education singled out as strategic priorities NEW YORK--(BUSINESS WIRE)--Morgan Stanley today announced results of its 2024 Retirement Plan Survey, providing insight into shifting 401(k) plan sponsor attitudes and tactics amid a constantly evolving financial landscape.Retirement benefits remain essential for attracting and retaining employees, but as markets grow more complex, so do demands on defined contribution (DC) plan sponsors to help employees prepare for retirement. To compete, plan sponsors are under pressure to offer attractive benefit packages that address myriad employee needs and business demands. In response, most are turning to consultants for support—and seeking more holistic services.Polling nearly 200 plan sponsor decision-makers with 401(k) plans with at least $50 million in assets—and
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