We encourage plan sponsors to engage in meaningful dialogue with their advisor during their next committee meeting. Consider the following questions:
- When was the last time your committee reviewed your adoption agreement and/or basic plan document?
- Have the demographics, savings behaviors, or financial needs changed since your last review?
- Is your plan fully compliant with all applicable SECURE 2.0 requirements?
References
1 Board of Governors of the Federal Reserve System (US), Defined Contribution Pension Funds; Total Financial Assets, Level [BOGZ1FL594090055Q], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BOGZ1FL594090055Q, November 18, 2025.
2 Board of Governors of the Federal Reserve System (US), Households and Nonprofit Organizations; Retirement Assets, Level [BOGZ1FL153050015Q], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BOGZ1FL153050015Q, November 18, 2025.
3 Cunningham v. Cornell Univ., 604 U.S. 693 (2025), available at https://www.supremecourt.gov/opinions/24pdf/23-1007_h3ci.pdf
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