Skip to content

Defined Contribution Industry Professionals — Perspectives on Retirement Income: Summary Report

Deborah L. Dupont; Mary Trecek, Ed.D.; Alicia Edwards 3/25/2024

The use of defined contribution (DC) plans, especially to generate retirement income, is a critical topic in the retirement industry.

Summary

In the early fall of 2023, LIMRA undertook a brief scan of defined contribution (DC) industry professionals (DCIPs) engaged in the development, sales, and study of retirement income products. Forty-five DCIPs from 24 organizations responded. Key findings include:

  • Most agree that solving for retirement income is an industrywide problem.
  • Most agree that there is a place for both guaranteed and non-guaranteed solutions in DC plans.
  • They are split on why they think plan sponsors offer in-plan annuity investment options. Some believe it’s the result of advisor recommendations and others because sponsors feel an obligation to help their employees generate retirement income.

Download Your Reports

No part of any report may be reproduced or translated without written permission from LIMRA. Please contact Customer Service for further information.

Related Research

Retirement Investors Series

Explore the perceptions, attitudes, behavior, and financial conditions of retirees and non-retired workers as they navigate the retirement journey.

Emerging Affluent Investors

Find out what motivates younger investors as they balance competing needs while building their early wealth.

Digital Transformation in Canadian Workplace Benefits

How are Canadian workplace benefits carriers investing in digital transformation?

Financial Wellness: Vulnerable Populations Show Resilience Amid Challenges

In 2024, financial stress and overall wellness scores reveal significant disparities among various demographic groups. Ethnic minorities, LGBTQ+ individuals, and other vulnerable populations face higher risks of financial stress and have lower overall wellness scores.

LIMRA Financial Wellness Index® — Quantifying Financial Wellness as a Basis for Improving It: 2024 Update

The LIMRA Financial Wellness Index® helps financial and benefits providers, advisors, and the industry quantify financial wellness. It is a first step towards understanding how financial wellness can fit into employer benefits strategies, personal advice, and financial readiness strategies. Demographic views allow for a richer understanding of financial wellness in various populations.

Meet the Project Director

Deb Dupont

Deb Dupont is responsible for LIMRA’s institutional (retirement plans) retirement research program. She conducts and supervises research, benchmark reporting, and study groups focused on the issues and trends faced by constituents of the defined contribution industry. She also provides guidance and thought leadership in helping LIMRA's member firms better understand the opportunities available for improving delivery of institutional retirement solutions.

Prior to joining LIMRA in 2014, Deb was the Director of ING's Retirement Research Institute (the Institute), where she created, managed, and published a research platform that included work focusing on multi-cultural, generational, and gender-based analyses of retirement behaviors, and also published insights and analyses of ING's own cross-defined contribution (i.e., across employment sectors) participant base. Deb's work has been recognized for effectiveness and quality by some of the most prestigious awards in the financial services and communications industries, including the Insurance and Financial Communicators' Association and the International Association of Business Communicators. She is a graduate of the University of Connecticut.

Assistant Vice President Workplace Benefits Research, Institutional Retirement
LIMRA and LOMA
ddupont@limra.com


For more information, please contact ddupont@limra.com.

Did you accomplish the goal of your visit to our site?

Yes No