Increased administrative complexity: New regulations are raising the administrative burden for managing retirement plans, requiring more meticulous oversight and compliance.

Fiduciary responsibilities: Financial professionals face mounting fiduciary pressures to offer prudent and well-vetted investment options, ensuring that they act in the best interest of plan participants.

Complex fee disclosures: Timely and detailed fee disclosures are now required, adding to the complexity of communicating costs to participants effectively.

Conflicted loyalties: Financial professionals often struggle with divided loyalties between plan providers and investment managers, complicating decision-making and advice.

Employee savings challenges: Many employees find it difficult to save for retirement, while competitors attract talent with more appealing benefits packages.

Concerns about retirement readiness: There is growing concern about employees' readiness for retirement, highlighting the need for effective planning and support.