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...
Data & Research
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...
Mortality Shifts in 2016 Largely Offset 2015 Movement
During 2016, mortality improvement in older age groups offset large mortality increases, mostly due to external causes in middle age groups, according to the Society of Actuaries.
Debt Causing Financial Vulnerability for Pre-Retirees
Researchers suggest debt management should be a factor in retirement security policy.
Workers Look for All Aspects of Financial Education
Latest studies find workers and employees share distinct disconnects with what type of financial education is needed.
Fewer at Risk for Having Inadequate Income in Retirement
The Center for Retirement Research (CRR) at Boston College's study finds half of Americans are at risk of having insufficient income to maintain their pre-retirement standard of living.
With Participation Rates Flat, Some NQDC Plan Sponsors to Make Changes
More than half plan to add to or enhance plan education and communication programs, and 21% plan to offer or enhance a company match.
Advisers Need to Find Balance With Investors’ Risk Aversion
Cerulli Associates says this is advisers’ biggest challenge.
Only 13% of Retirement Plan Participants Seek Out Advice
However, advice seeking increases with age, account balance and annual contribution level.
Forty Percent of Investors Want to Increase Retirement Plan Contributions
This is up from 34% in 2016.
Few Employees Using HSAs as Retirement Savings Vehicles
But, employees younger than 25 and older than 65 are more likely to say they try to save/invest their HSA funds, a survey finds.
RIAs Lowering Fees by 20 to 30 Basis Points
They are making the move to become more competitive in light of the fact revenue growth has slowed to 7%.
Loans, Suspended Deferrals Reduce Savings an Average of 14%
The impact is greater for younger investors, as they have a long time horizon for saving, MassMutual finds.
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,...
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)...
Average Couple Will Pay More Than $150K in 401(k) Fees
Higher-income workers, making $90,000 a year, will pay $277,000, according to America’s Best 401k.
Millennials Could Fare Worse in Retirement Than Older Generations
The Center for Retirement Research projects that 40% of those born between 1976 and 1985 will be unable to replace 75% of the income they received between the...
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...
Many People Plan to Continue Working in Retirement
With Americans expecting to live to age 90 and many finding retirement savings a challenge, work, at least part-time, could become a retirement expectation for many.
Employees Support Plan Design Features That Nudge Retirement Savings
An American Century study also found that when offered the option of receiving either a 100% match on 3% of their retirement plan contributions or a 3% higher...