And more are seeking advice from a third-party professional, especially as open-enrollment season begins.
For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.
The plan was being sued for allegedly reducing such benefits by applying an ‘Early Retirement Factor.”
Consumers spent a collective 1.6 trillion hours on mobile devices during the first half of 2020, with a 220% increase in time spent on business apps.
INSIDE THE MAGAZINE PLANADVISER July/August 2020
The U.S. presidential election is just one more source of potential stock market volatility, experts agree.
In releasing its 2020 Global Retirement Index, the investment manager outlines obstacles to retirement savings but says expanding coverage to more people and pairing that with automatic features can mitigate the challenges.
Many are already implementing strategies to drive down expenses.
Allegations in the lawsuit against Barnabas Health closely parrot other proposed class action complaints filed in the past year against health care systems by the law firm Capozzi Adler.
The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.
The new tool comes at a time where more American workers are looking to technology as a resource for financial information and guidance.
Creating a requirement for recordkeepers to provide lifetime income projections is a popular idea, but the EBSA’s proposed framework is seen by some as simplistic and potentially even misleading.
Experts weigh in on health savings accounts (HSAs) and the need for health care education in the retirement industry.
The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.
Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use.