Continued stickiness in participation is helping hold off macro clouds as the industry posted another year of 4% growth in 2023, matching the prior year on top of 2021’s 16% spike, according to the SFIA’s 2024 State of the Industry report. The SFIA pointed to record participation rates last year, hitting 78.8% in ‘23 compared to 77.6% in the prior year and 73.2% in ‘19 before the lockdown boosts, as documented in its prior Topline Participation report. The favorable participation landscape was also met with the industry’s more surgical approach to ... Log in to view full article.