As the firm launches a new initiative to educate investors about active management opportunities, Putnam CEO Bob Reynolds says he is optimistic that an improved retirement landscape will take shape in 2019.
While automatic enrollment gets participants into plans, a sizable segment are starting their average contributions at a minimum 3.3% rate and failing to take any additional action to increase that, according to J.P. Morgan Asset Management.
The table is needed to compute the value of early retirement benefits and, thus, the total value of benefits under a plan.
According to an Empower report, more and more employers are saying that offering a retirement plan is the "right thing to do" for their employees.
INSIDE THE MAGAZINE PLANADVISER September/October 2018
The majority of small business owners agreed that offering a retirement plan for employees is “the right thing to do."
Those who work with a financial adviser are more than twice as confident they will have enough money to enjoy a comfortable retirement, Legg Mason found in a survey.
The settlement agreement leaves open a chance to bring a new claim regarding the offering of a money market fund in the plan.
Educators who work with a financial professional exhibit more effective financial behaviors over time, have higher mean annual contributions, increase their contributions more frequently, and are more likely to monitor their account performance than those who do not, a survey finds.
The plaintiffs accused Edward Jones of favoring its own investments and those of its “preferred partners” in its 401(k) plan, at the expense of performance; they also raised questions about excess recordkeeping fees.
The Plan Sponsor Council of America’s 61st Annual Survey of Profit Sharing and 401(k) Plans finds only 31.4% of 401(k) plan sponsors use participant income replacement ratios as a success measure.
It offers an open architecture HSA investment lineup.
More plan sponsors are making Roth contributions available, automatic enrollment default deferral percentages are increasing, and company match formulas are becoming more generous.
“The preliminary data from OregonSaves show that important assumptions about how workers would react to the availability of auto-IRAs appear to be holding up, at least in the context of their behavior within the program," the Center for Retirement Research (CRR) at Boston College says.
John Hancock researchers sought to quantify the cost of workers’ financial stress for employers, finding the average annual excess expense per employee is a lot more significant than may be assumed.
And demand for financial advice has increased, T. Rowe Price found in a survey.