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2020 has been an unprecedented year, and as it comes to a close, defined contribution plan sponsors are starting to look ahead to 2021. Taking a cue from the medical field, we recommend that plan sponsors focus on the following “resolutions” in preparation for the New Year.
After a trying 2020, American workers and their families are surely looking forward to some much-needed respite during the holiday season. However, many workers may be feeling anxiety or stress during the holidays due to the effects of the pandemic on the nation.
Family members and friends who make sure the needs of their loved ones are met are moving to the forefront of conversations regarding challenges facing employers. From our perspective, the conversation is long overdue.