Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.
Research shows that replacing target-date fund equity allocations with private equity can boost retirement income adequacy for participants who have access to a plan and invest in a target-date fund.
Among other notable changes, the Form 5500 instructions have been amended to make clear that a pooled employer plan is a multiple employer plan that files a single Form 5500 Annual Return/Report.
A growing percentage of U.S. companies are offering Roth 401(k) plans to their employees in a rapidly changing retirement plan landscape that has been impacted by everything from federal legislation.