Great opportunity exists for advisers in markets somewhat yet untapped. Take, for example, public or government defined contribution plans – 457 plans. While many of the larger or “mega” plans have been aware and utilizing the services of advisers, many of the smaller and middle size plans have not.
The topic was discussed in an Asset International (AI) and MassMutual-sponsored webinar called “Five Pieces You May Be Missing in the 457(b) Plan Puzzle.” The first important trend to note is the fact that governments offer more retirement plans than their industry counterparts. Overall, 90% of employers provide defined benefit (DB); defined contribution (DC) or hybrid cash plans to members according to data from AI.
