2024 Retirement Plan Survey Insights

This report presents the findings of the 2024 Retirement Plan Survey conducted by Morgan Stanley, which involved nearly 200 401(k) plan sponsors. The survey aimed to gather insights into how plan sponsors are adapting their retirement benefits in response to evolving market conditions. It discusses the importance of defined contribution plans as a critical component of employee compensation, emphasizing the need for sponsors to understand their peers' strategies regarding investment offerings, advisory models, and participant engagement. The report outlines key concerns of sponsors, such as maintaining competitive benefits, fulfilling fiduciary responsibilities, and ensuring employee understanding of 401(k) plans. Additionally, it highlights the trends in investment lineups and the significance of participant education in achieving retirement goals. The findings indicate a growing interest in retirement income solutions, with many sponsors recognizing their importance for participants' post-retirement financial security. The report serves as a resource for organizations looking to align their retirement plans with employee needs.