The State of Advice in DC Plans and the Opportunity for Recordkeepers
Despite continued innovation in the defined contribution landscape aimed at improving retirement readiness, many 401(k) participants will save, invest, and eventually retire without working with an advisor. In fact, Cerulli finds that the majority (63%) of active 401(k) participants do not have a financial advisor. Where and when are the right entry points for providing financial advice and how can providers better prepare participants across age and wealth tiers for retirement?
During this 45-minute Q&A session, Cerulli’s retirement practice leaders, Elizabeth Chiffer and Chris Bailey will address:
· Market opportunities and current state of service offerings
· Active 401(k) participants' views on tools and services for retirement planning
· Rising demand for in-plan advice solutions
· Deploying effective engagement strategies
Get Cerulli’s strategic insights on this critical area of the retirement market. Join us.
- Date
- Tuesday, February 10
- Time
- 11:00AM EST
- Where
- Virtual Event A link to the event will be sent upon registration
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Featured Speakers
Chris Bailey
Director
Bio →
Chris Bailey
Director
Chris is a Director in Cerulli’s Retirement practice. He leads research and analysis that covers key aspects of the retirement industry, including defined contribution (DC) plan recordkeeping, DC plan investments, and the individual retirement account (IRA) market. His research examines market sizing, product adoption and utilization, the influence of advisors and consultants, participant behavior, and more. In this capacity, he regularly engages with key players in the retirement industry, including executives within recordkeepers and asset managers, investment consultants, and financial advisory firms. In addition, his team collects data and perspectives from plan sponsors and participants annually.
Full biography here.
Elizabeth Chiffer
Senior Analyst
Bio →
Elizabeth Chiffer
Senior Analyst
As a senior analyst on the Retirement team, Elizabeth supports research on the defined contribution (DC) and individual retirement account (IRA) markets. She is the lead author of Cerulli's U.S. Retirement End-Investor report, which focuses on the perceptions, needs, and behaviors of DC plan participants. Elizabeth also provides quantitative support to Cerulli’s consulting engagements, annual reports, and the Retirement Edge series.
Prior to joining Cerulli, Elizabeth was a research assistant at the Boston University School of Hospitality Administration, where she worked on papers pertaining to hospitality finance and technology.
Full biography here.
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Tuesday, February 10, 2025 | 11:00 AM ET