麦肯锡：2025年美国退休行业处于十字路口报告（英文版）

The past decade has been exceptionally favorable for US defined contribution (DC) retirement plans. The retirement solutions providers—also known as retirement recordkeepers—that administer DC plans on behalf of various employers have experienced consistent revenue growth over this period, as plans have become more accessible and equity market performance has been strong.Now, things are changing. The retirement industry is approaching a tipping point due to demographic shifts, industry develo