Page 2 - Beth Ashmore News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Industry leaders weigh in on what trends plan consultants should monitor in the year ahead. What developments might impact retirement plans in 2021? We asked several industry leaders for their thoughts about the trends plan consultants should monitor during the year ahead. Beth Ashmore Willis Towers Watson Heading into 2021, we think that sponsors will look to leverage their retirement plans to support employees’ financial security and seek innovative ways to deliver those benefits and manage risk. The Department of Labor will be working on finalizing requirements for Pooled Employe...

In looking at 2020, sponsors were just beginning to process the implications of the SECURE Act when they were forced to deal with the implications of COVID-19 and the racial unrest from the summer. The net effect is that employers have focused particular attention on how retirement programs provide flexibility and support for individual employees’ needs. For example, there was a rush of activity related to addressing the provisions in the CARES Act that allowed employees access to their retirement accounts via loans and withdrawals. Companies’ increased commitment to inclusion and diversi...