Participant Survey Reveals Financial Wellness Priorities
Plan participants in the 50 and up age group are thinking about the transition to retirement because it is on the horizon, while the younger age groups are...
News
Automatic Enrollment Helping Participants Increase Retirement Savings
Fidelity finds that since 2008, the average savings rate among employees automatically enrolled has risen from 4% to 6.7%, and 63% of automatically enrolled participants in the past...
Saving for Retirement Is Americans’ Biggest Financial Worry
Younger Baby Boomers and Gen Xers are the most stressed about retirement, a Bankrate.com survey found.
With Litigation Rush, Fiduciary Insurance Adequacy Is Critical
As a result, insurers are scrutinizing potential customers more carefully, asking for extensive documentation and proof of compliance with stated policies.
Retirement Income Solutions and Strategic Withdrawals
Thomas Dodd, executive director of Pavilion Advisory Group, speaks to the importance of implementing a strategic withdrawal plan once retirees initiate distributions of DC plan assets.
Are Annuities in DC Plans Necessary to Produce Optimal Retirement Income?
Though they made suggestions for improving lifetime income options for DC retirement plan participants, some who made comments to the ERISA Advisory Council suggested offering in-plan annuities may...
Responsive Design Enhances Financial Wellness Programs
To improve engagement with financial wellness programs, companies are employing new tools based in behavioral science and powered by responsive technology.
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers.
Bill to Help Companies Establish ESOPs Signed by President
"As businesses become more aware of employee ownership's advantages—which include higher corporate performance, a share in the rewards for employees, and a retirement plan that often outperforms other...
Investors Consider Fund Fees When Making Purchases
Forty percent say this information is “very important” when selecting a mutual fund, ICI found in a survey.
Different Flavors of Fee Levelization
As one of the first steps of pursuing fee levelization, plan sponsors and advisers should consider whether participants will be charged on a “pro rata” or “per capita”...
Demand for Private Debt Creates Crowded Market
Institutional investors’ interest in mid-market corporate direct lending is driving large capital flows into a squeezed portion of the market, according to Willis Towers Watson, resulting in downward...
Half of Workers Approaching Retirement Expect to Return to Work
Earning additional income is their primary reason why, a survey found.
Bill Beardsley Exits LPL Retirement Partners Business
At the end of the day there just aren’t all that many people working on retirement plans, so it is only natural that firms will compete for and...
July a Slow Trading Month for 401(k) Investors
There were no above-normal trading days in July, the first month this has happened since June 2017.
Plan Sponsors Missing Opportunities to Improve Employee Retirement Outcomes
While employers cited rising health care costs followed by outliving retirement savings as their biggest concerns for employees' retirement readiness, TIAA says surprisingly few have built retirement plan...
Participants in Abandoned Plan Get Help From DOL
A court appointed an independent fiduciary to distribute assets to the remaining plan participants.
Inheritance Is Not a Sound Retirement Strategy
Younger workers who came of age during the Great Recession are now making decisions that will have a lasting impact on their ability to generate wealth, including their...
Participants’ Retirement Outlook Has Improved
Fifty-two percent think they will be able to retire at their ideal retirement age, and 52% say they either somewhat or strongly agree that their savings will last...
Non-ERISA 403(b) Plan Sponsor Cited for Late Deposit of Deferrals
A charter school in New Orleans has been told it has violated federal law and its obligations regarding financial management as identified in the charter operating agreement.