At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought leadership about innovative pension plan design, financial wellness programs, decumulation solutions and investment opportunities to support their DC plan members.

Indeed, alongside high inflation and interest rates, members are facing several competing financial priorities, from simple day-to-day expenses to contributing to their workplace retirement plans. To meet this challenge, DC plan sponsors are evolving their savings programs to offer flexibility and innovation, focusing on catering to plan members’ different needs and expanding the scope of these programs.