The Collaborative for Equitable Retirement Savings
Our Collaboration
Formed in 2023, the Collaborative (CFERS) is a joint effort with Aspen Institute Financial Security Program, Defined Contribution Institutional Investment Association (DCIIA), and Morningstar Retirement. Our multi-stakeholder initiative brings together leaders across the industry — including advisors, employers, recordkeepers, advocates, and experts — to understand how our current workplace retirement system is performing for employees and identify opportunities to make our workplace retirement savings more inclusive and efficient.
Read our first report: Same Income, Same 401(k), Different Account Balance: The Critical Role of Retirement Plan Design in Addressing Racial and Gender Retirement Savings Gaps
Upcoming CFERS and Plan Sponsor Webinar – Wednesday, May 8
Webinar on initial findings – Wednesday, March 27
About The Aspen Institute Financial Security Program (FSP): Aspen FSP’s mission is to illuminate and solve the most critical financial challenges facing American households and to make financial security for all a top national priority. We aim for nothing less than a more inclusive economy with reduced wealth inequality and shared prosperity. We believe that transformational change requires innovation, trust, leadership, and entrepreneurial thinking. Aspen FSP galvanizes a diverse set of leaders across the public, private, and nonprofit sectors to solve the most critical financial challenges. We do this through deep, deliberate private and public dialogues and by elevating evidence-based research and solutions that will strengthen the financial health and security of financially vulnerable Americans.
About Defined Contribution Institutional Investment Association (DCIIA): DCIIA is dedicated to enhancing the financial security of America’s workers by providing a forum that brings together all segments of the retirement savings ecosystem to enhance the employer-based DC system, emphasizing access, innovation, best practices and institutional approaches. We recognize and affirm the importance of diversity and inclusion in working together to further our aims in this regard.
About The Morningstar Center for Retirement and Policy Studies: Our mission is to help improve the U.S. retirement system by arming decision-makers with unbiased and actionable analyses. Founded within the Retirement Solutions Group at Morningstar Investment Management LLC (the registered investment advisory arm of Morningstar, Inc.), research drives our products and services in order to improve people’s retirement outcomes. Our goal is simple—to give those who are able to change the retirement industry the information they need to help them make better decisions.
“It is our responsibility to build and protect positive outcomes for participants through retirement benefits. However, the challenge of empowering all workers can only be understood by using data to recognize gaps, nuances of benefit programs, and address industry disparities. It is a top priority of RTX [Raytheon] and our organization’s leadership to meet the needs of all our workers and champion this initiative to move towards an equitable future.”
Robin Diamonte, Chief Investment Officer at Raytheon Technologies (RTX)