What is Pensions Management population?

Pensions Management population includes all active and inactive participants, beneficiaries, and plan sponsors of a funded employee benefit plan subject to ERISA. This includes plans sponsored by businesses of all sizes, government entities, labor unions, and nonprofit organizations. The total number of participants and beneficiaries in employer-sponsored defined benefit and defined contribution plans, as well as individual retirement accounts (IRAs), was estimated to be over 150 million in 2020. The number of plan sponsors is estimated to be in the millions as well.