How experts influence the use of managed accounts as the QDIA
For instance, compared with others, these plans are less apt to offer loans
Yet most employees call learning about personal finance ‘important’
Companies midsized and up are likelier to offer NQDCs, HSAs and more
Larger plans are beginning to embrace products that guarantee income.
Among megas, that number jumps to 85.4%
We look at whether the use of managed accounts paired with the oversight of an adviser results of better outcomes.
Is true advice as common as plan sponsors say?
Employees want help learning to make decisions about money
Longevity is driving the demand
About three in 10 plans have yet to provide a match
Plans with managed accounts that work with an adviser have higher balances
But micro and small plans are more apt to rely on an adviser to deliver it.
Net inflows into target-date funds are set to surpass the previous record.
Law firms and utilities have the highest average account balances
Between 2009 and 2014, TDF assets have risen from $251.9 billion to $747.5 billion
Having a 3(21) fiduciary is the most common practice
Advisers are beginning to embrace alternatives
Use of managed accounts improves deferrals and account balance