In such plans, they have more than twice the average retirement balance of other workers.
Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.
A 401(k) match and health insurance are the benefits they value the most
Executives overseeing the survey report agreed that the U.S. is just beginning to see the real impact of decades of public policy decisions and private employer efforts to fundamentally reshape the retirement landscape.
A lot is happening to open the doors for small businesses to offer retirement plans to employees; advisers have new opportunities and challenges as a result.
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
Sponsors of defined contribution (DC) plans are invited to respond to the annual PLANSPONSOR DC Survey through October 5. The survey is among our largest and most important research project of the year, but we need your clients' help for it to be a success.
A trio of bills introduced before the House Ways and Means Committee this week offer the first detailed look at Republican Congressional leaders’ hopes for “Tax Reform 2.0,” which include many initiatives supported broadly by retirement industry stakeholders.
A majority of Americans say they have not fully recovered financially from the Great Recession of 2008.
Nearly two-thirds wish they had spent less in the past in order to save more for retirement.
A Bankrate.com study says about twice as many Americans are saving more now, compared to responses from the survey's 2011 debut.
Workers can move the entire match over or just a portion of it.
The new website introduces a range of content and videos, a blog, a library of plan design comparison tools, retirement calculators, administrator user guides, account access and comprehensive retirement plan information.
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 10 years have increased their savings rate.
Younger Baby Boomers and Gen Xers are the most stressed about retirement, a Bankrate.com survey found.
Earning additional income is their primary reason why, a survey found.
According to the Alight Solutions 401(k) Index, June was a slow month for trading in defined contribution plans; when 401(k) investors made trades, they tended to favor fixed income.
According to Fidelity, the enhanced managed account solution combines a personalized digital experience, discretionary investment management, ongoing support and access to a team of professional planning consultants.
Two experienced ERISA attorneys at Drinker, Biddle and Reath warn against the idea of participants seeking a hardship withdrawal for the purpose of paying down student loan debt; requesting a hardship withdrawal for upcoming tuition expenses is another matter entirely.