SECURE 2.0 provisions for small business retirement plans, a new fiduciary lawsuit threat, M&A in the current market environment, and top DC teams and wholesalers. It's all in the latest issue.
COVER STORY: LOOK OUT FOR THE LITTLE GUY
The business and moral case for targeting the small retirement plan market—especially now …
We sympathize with those sick of hearing about SECURE 2.0. Since the legislation passed in late December, it’s dominated industry discussions, with countless articles, podcasts, and conference sessions dedicated to parsing its every provision.
While debate understandably continues over the act’s ultimate impact, one area of opportunity—and concern—is receiving outsized attention, the small business retirement plan market.
The small plan market has traditionally been an overlooked part of the retirement plan space, primarily because firms haven’t been able to efficiently and profitably accommodate and service small plans.
Yet, SECURE’s small market incentives, combined with technology that makes it easier for plans to scale, means a strike-while-the-iron-is-hot moment for 401(k) professionals—and the industry overall.
While advisors are understandably proud of the rapid increase in coverage in recent years, mainly due to the “auto” revolution (enrollment, deferral, escalation) and set-it-and-forget-it innovation (target date funds, managed accounts), coverage gap statistics are still depressingly familiar.
LINK TO FULL ARTICLE: https://www.napa-net.org/the-magazine
