My name is Jason Price. And my job very simply is to help advisors grow their practice through winning new defined benefit plan business. A lot of these plan sponsors are very hungry for a solution to deal with these rising costs and also with the market volatility.

One of the things that we talk a lot about with advisors and sponsors is around the rising costs of maintaining a defined benefit plan. There are actuarial fees. There's auditor fees. There's the PBGC premiums.

One of the other challenges that we talk a lot about is market volatility. So, by that, we mean market volatility within the equity markets, market volatility within interest rates. Both of these two items are big drivers in how the plan's funding lines up with the assets.

With rising costs and market volatility, really, there's two ways that an advisor can help with that. Number one, tracking how well funded that DB plan is on a regular basis. And then right alongside that, making sure that the risk that's in the asset portfolio lines up with how well funded that plan is. For more on how you can grow your retirement practice through defined benefit plans, please visit advisors.principal.com.