The topic of retirement income is everywhere - Tamara Barber, Fidelity Investments
Matthew Wolniewicz, AIFA
President, Income America | Champion for Guaranteed Income & Retirement Planning | 401(k)
For years, we’ve focused on helping #401k participants?save more?for retirement. First came?auto-enrollment, then?auto-escalation, and finally,?professionally managed solutions. Now, we are witnessing the next evolution: the?widespread adoption of in-plan retirement income solutions.
Recent data reinforces this momentum:
? 45% of participants increased their deferral rates last year.
? 78% of large plans now use auto-enrollment.
? 67% of plans offer professionally managed allocations—up from 45% in 2024!
But it’s not just about saving more—it’s about helping participants turn savings into income. Bonnie Treichel Endeavor Retirement and Shawn O'Brien, CFA Fi360 (now Broadridge) emphasize the importance of a prudent process to incorporate retirement income, update plan documents, and refine the IPS. Sean also highlights that plan sponsors feel a strong responsibility to offer retirement income options.
Meanwhile, Fidelity research points to continued momentum in professionally managed offerings, increased use of CITs, and a growing emphasis on retirement income strategies—all critical as the workforce ages.
We’re at an inflection point. The framework for saving is well-established. Now, the next frontier is delivering guaranteed income solutions within the plan.
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