Data & Research

Some Millennial Retirement Expectations Unrealistic

One-third say they plan to save $200,000 or less to be comfortable in retirement; they only expect to live to age 81; and very few feel they will end up in an assisted living facility, according to a survey.

Employer Contributions to 401(k)s Show Steady Increase

Ascensus data shows the number of employers funding employer contributions increased from 53% in 2013 to 81% in 2016, and data gathered from Strategic Insight finds the amount of employers contributions have increased from $108.1 billion in 2010 to $139.2 billion in 2016.

Research Questions Value of Old School Financial Education

Upon review, the correlations between financial education and improved financial behaviors is often better explained by other individual difference factors that were not measured in a given study, such as familiarity with numerical concepts, financial confidence, and willingness to take risks.

Nonprofit Plan Sponsors Require Deeper Fiduciary Education

A number of key terms commonly present difficulty for nonprofit plan sponsors of all sizes—in particular the terminology surrounding “revenue sharing,” “fee levelization,” “fee policy statements,” and “3(21) vs. 3(38) advisers.”

Small-Businesses Workers Require Greater Retirement Plan Access

New research from Finhabits, a retirement plan robo-advisory platform, suggests small businesses in Hispanic-majority metro areas struggle to offer retirement plans, but there are opportunities for significantly improving coverage in these areas and elsewhere.