Page 236 - DCAC February 2024 Files

Top 10 trends for government clients

Expanding holistic financial wellness
1 offerings; sense of duty and employee People:

expectation 6 • Attracting and retaining talent
• Increased benefits costs
• Work-from-home vs. virtual = trade-offs
2 Increasing demand and adoption of advice
for participants and plan sponsors

7 Payroll/HRIS system changes

3 DEIB = high-performing organizations;
more reporting requests Navigating the economic/inflationary
8 environment; interest rates driving plan

outflows

4 SECURE 2.0 understanding and decisions; 9 Information security – Client business and
other legislation on the horizon
benefits concerns

5 In-person – Meetings, 1x1s, return-to-office 10 Leveraging AI – From job descriptions to

strategies automating repetitive processes

Source: Empower data as of August 31, 2023.
FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY.