Christopher Barlow, National Director, BMO Global Asset Management, discusses the state of the defined contribution environment and the trends shaping the industry.
With participation rates increasing to 82% for eligible employees1, more employees than ever are involved with their company’s retirement plan. To support this diverse employee base, Chris suggests plan sponsors adopt a tiered line-up of investment solutions. Additionally, he explains how advisors can leverage the conversations at the intersection of money and emotions to help their clients achieve better outcomes in preparing for retirement.
More on DC retirement plans:
DC Conversations: An Industry Assessment
1 Key findings from 59th Plan Sponsor Council of America survey report.