Hewitt Associates has formed a defined contribution consulting practice to address the full spectrum of concerns of 401(k) plan sponsors, including: plan design, cost and risk management, investment consulting, behavioral finance, administration, communication and legal and compliance consulting.

“As employees are encouraged to take more responsibility for their health and financial futures, defined contribution plans will continue to play an increasingly important role,” said Mary Moreland, leader of Hewitt’s retirement and financial management business in North America. “These plans are critical attraction and retention tools, and employers realize they need to be designed in a way that can help employees maximize their potential for saving and investing for retirement.

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