What Retirement Plan Features Do Employees Really Want? (Part 2): Pairing Employee Preference with Plan Sponsor Cost

What happens when the retirement benefits employees value most are compared with what those benefits actually cost employers?

In this episode of the Society of Actuaries Research Institute's Research Insights Podcast, host Lisa Schilling, Director of Practice Research, welcomes Timothy Geddes, FSA, EA, FCA, MAAA, Managing Director at Deloitte Consulting LLP, and Ian Raver, EA, FCA, MAAA, Actuarial Manager at Deloitte Consulting LLP.

Building on earlier research into employee retirement preferences, the discussion explores how plan sponsors can balance employee satisfaction with financial sustainability. Topics include the cost-effectiveness of survivor and legacy benefits, surprising opportunities involving 20-year certain annuities, the expense of inflation protection, disability coverage, retirement eligibility ages and employee cost-sharing arrangements.

Discover how understanding both employee preferences and employer costs can help plan sponsors make more informed retirement plan design decisions and potentially deliver greater value without significantly increasing spending.

Explore the research: What Retirement Plan Features Do Employees Really Want?