Retirement Security Legislation In Focus on Capitol Hill
The house it set to vote on the ‘SECURE Act 2.0’ and hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities.
Opportunities Abound for Micros
OregonSaves State-Run IRA Program Shows Some Successes
Early evidence suggests that the mandate for employers that don’t offer a retirement plan has boosted retirement savings.
ADP Offers Plan Health Dashboard
It assigns points to various plan and participant features and recommends ways to improve participants’ retirement readiness outlook.
Average Deferral Rates Reach 10-Year High of 8.6%
And the use of 401(k) loans fell to a nine-year low of 22.5% in 2018, according to T. Rowe Price’s annual participant data benchmarking report.
Two-Thirds of DC Consultants Charge Fixed Dollar Fees
This is down from three-quarters last year, a PIMCO survey found
Auto Enroll and Opt-In Plans Need Different Efforts to Get Participants Engaged
A study from the TIAA Institute finds focusing on financial literacy and understanding of exponential growth boosts participation and savings in an opt-in DC plan plan, while efforts targeted at procrastination tendencies do so for automatic enrollment plans.
Nearly One in Seven Expects to Continue Working or Never Retire
Only 31% of Americans are confident they will have saved enough by the time they retire.