Written Testimony of Jordan Backman

This document is about the testimony of Jordan Backman, Vice President and Senior Counsel of Benefits & Compensation at Sony Corporation of America, before the 2021 ERISA Advisory Council. Backman discusses Sony's experience offering a brokerage window option in its 401(k) plan, including the reasons for doing so, the usage and characteristics of participants who utilize the brokerage window, and the disclosures and protections provided to participants.