Page 237 - DCAC February 2024 Files
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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.
