HSA Knowledge Gap Offers Clear Adviser Service Role
Health savings accounts are often described as the 401(k) of health care—so it is only natural that retirement specialist advisers can play an important role in educating the...
Data & Research
Three Quarters of Americans Have Not Planned for LTC Needs
Yet nearly six in 10 say saving for long-term care is a financial priority
Form 5500 Data Shows Large Sponsors Favor TDFs to Boost Savings
Employer contributions and loans are also prevalent, a Brightscope/ICI report says.
BlackRock DC Pulse Survey Data Points of Interest
The annual report from BlackRock offers quite a deep dive into the large 401(k) plan population; highlighting many well-known retirement industry trends, but also a few that are...
Negative Tax Consequences Often Result from Poor Rollover Knowledge
Unforeseen negative tax consequences often hit job changers when they decide to move money from their previous employers’ retirement plans without sufficient know-how; in an extensive new report,...
As Participant Sentiments Improve, Sponsor Decumulation Concerns Increase
Anne Ackerley, head of BlackRock’s defined contribution business, sat down last week with PLANADVISER to offer a sneak peek at the DCIO provider’s latest DC Pulse Survey; the...
Fifty-Three Percent of Women Plan to Retire After Age 65
This includes 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies.
DC Plans Slowly Close Pension Performance Advantage
According to data from CEM Benchmarking, defined benefit pensions have outperformed defined contribution plans by less than half a percentage point over the last decade—described as a “huge...
Auto Enroll and Opt-In Plans Need Different Efforts to Get Participants Engaged
A study from the TIAA Institute finds focusing on financial literacy and understanding of exponential growth boosts participation and savings in an opt-in DC plan plan, while efforts...
Americans Saving an Average of 7.6% for Retirement
Men are saving an average of 8.9%, and women, 6.4%, PenFed Credit Union found in a survey
A Mere 16% of Fortune 500 Companies Offer a DB Plan
This is down from 59% in 1998, according to Willis Towers Watson
Non-Mortgage Debt Derails Retirement Savings for Many
Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found that debt is a major obstacle preventing many...
Most Women Worried About Life in Retirement
Only 25% expect life to be better in retirement, Nationwide found in a survey.
Tax Reform Prompts Affluent to Seek Out Financial Planners
Fifty-three percent say that working with an adviser could help them meet their goals.
Two Thirds of Millennials Have No Retirement Savings
Only one-third are participating in their retirement plan
More Than Half of Americans Not Contributing to a 401(k)
Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey
Retirement Plans Give Workers a Sense of Financial Security
However, this is not always the case for lower-income workers.
Sponsors Making Deliberate Enhancements to Retirement Plans
Concerned that workers are not saving enough, employers are hoping to improve their financial security, Willis Towers Watson found in a survey.
DC Plan Investors Stayed the Course in the First Nine Months of 2017
Only 2.4% discontinued contributions, a mere 2.8% took withdrawals and just 1.3% took hardship withdrawals, ICI data show
401k Averages Book Expanded to Include Plans With Larger Participant Balances
The book continues to show that plans with higher average account balances pay lower total fees.