From fiduciary frameworks to taxes, here’s what plan sponsors can expect from the Biden administration.
Public policy is the engine of retirement industry innovation. In the last three years, tremendous strides have been made; however, most enhancements to retirement security benefit those already covered by a workplace-sponsored plan. What about the millions of employees without savings plan access — those who have been hit hardest by the pandemic? For this segment of underserved workers, policymakers and industry leaders like State Street are advocating for effective change.