Groom’s Michael Kreps, principal and chair of the firm’s Retirement Services group, and Chelsea Pardes, associate, authored a white paper titled, “Is Your DC Plan Retirement Ready? Helping Participants Get To and Through Retirement,” where they covered defined contribution (“DC”) plan design and lifetime income options for fiduciaries.
In the whitepaper, Kreps and Pardes examined the shift in retirement income, the basics of being a fiduciary, tips for fiduciaries on how to mitigate risks, types of lifetime income options, and more.
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