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How the 401(k) Industry Needs to Adjust to Phased Retirement

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How the 401(k) Industry Needs to Adjust to Phased Retirement Plan sponsors are pushing for phased retirement support and broader financial education as they view benefits as key tools to recruit and retain talent. Change happens slowly in the defined contribution world, but it does happen—eventually. No dramatic changes have occurred since auto features were heralded by the 2006 Pension Protection...
The strongest version of this narrative highlights a legitimate shift in workforce expectations and the retirement industry’s slow adaptation. Employers are recognizing phased retirement as a competitive advantage, and workers—living longer and healthier—seek flexibility. The critique of providers prioritizing proprietary products over fiduciary duty is well-founded, as is the call for broader financial education. The piece effectively frames retirement readiness as multidimensional, beyond just...