One-Third of Americans Lack an Accurate Perception of Their Finances
Many respondents to a Prudential Financial survey are misjudging how well-off they are.
Tag: 401(k) plan
The Median Retirement Account Balance Among All U.S. Workers Is ‘Zilch’
Over half have nothing set aside in any type of employer retirement plan.
Companies With Strong Performance Have Quality 401(k)s
Above-average-rated plans are more apt to be found at companies with 20% to 80% higher profitability than are average-rated plans, says T. Rowe Price.
ICI Launches FactsOnRetirement.org
The site takes on myths about the U.S. retirement system and offers tips on saving.
Small Minority of Sponsors Very Confident in Workers’ Retirement Security
In addition, a mere 18% of workers are very confident they will be able to retire with a comfortable lifestyle.
Trendspotting
LPL’s Long-Range View
Bill Beardsley, head of Retirement Partners at LPL, gives his take on the firm’s decision to close the Worksite Financial Solutions program, and on his plans for lasting...
Senator Reintroduces American Savings Act
The legislation would establish a personal retirement account for every American that they could take with them from job to job.
BlackRock Calls for Expanding Access to Retirement Plans
One measure is to encourage MEPs by eliminating the “nexus” requirement.
Small and Mid-Sized Plans Are the Sweet Spot
Twenty-nine percent say they are likely to switch retirement plan providers within the next year.
Simplifying Information in 401(k) Plans Doesn’t Lead to Better Decisions
The “Less Is Not More” study set out to determine whether presenting retirement plan information in a more compact and accessible way increases participation and results in better...
Plan Documents Require Update After Tax Reform
The new law extends the time a participant has to repay loans from 60 days after an offset to the date their tax return is due.
Average Deferral Rate Reaches 8.3%
Additionally, the number of plans with an initial 6% deferral rate for automatic enrollment now surpass those with 3% as the initial rate.
Education Critical to Helping Participants Use a Retirement Plan
Ongoing education makes participants aware of the plan and underscores its value.
Retirees More Worried About Health Than Money
Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.
Cetera Debuts 401(k) Practice Development Program
It consists of six live, web-based training sessions conducted over a three-month period.
Vanguard Removes S&P 500 Fund From Its 401(k)
According to the firm, the Total Stock Market Index Fund, which remains in the investment menu, is the best proxy for the U.S. market.
4th Circuit Agrees Bank of America Cash Balance Participants Are Not Due More Relief
The appellate court found Bank of America did not profit from transferring participants' 401(k) accounts to a cash balance plans and noted that previously the bank entered into...
Just Over Half of U.S. Households on Track for Retirement Success, EBRI Says
However, if retirement expenses are reduced to 80% of average expenses, 82.1% are on track to not run short.