In a recent Wealth Management article, Chief Operating Officer Rick Irace discusses retirement industry trends that emerged in 2018. He mentions advisors’ transition from commission-based models to fee-based, increased utilization of auto-enrollment, the emergence of financial wellness programs, and the increased availability of Roth options in smaller plans. He also notes that business owners are looking for additional administrative services. “Business owners face many challenges just running their day-to-day businesses. At the same time, they want to help their employees prepare for their financial futures. Many are looking to their providers and TPAs for additional administrative services, perhaps even to take on 3(16) fiduciary responsibility,” he adds.