At a time when terms like “inflation,” “gas prices,” “recession” and “volatility” dominate chatter about the U.S. economy, plan sponsors and recordkeepers are likely fielding questions and concerns from participants. Every dollar counts when saving for a financially secure retirement, especially with the present volatility in the financial markets.
But while investment fund options, asset classes and fees are important for helping participants weather difficult times and save more, there is another way that sponsors and recordkeepers can help participants protect, and increase, their retirement savings in the new year: facilitate portability. Be sure to encourage your clients to make this top priority on their respective lists of New Year’s resolutions.
