automatic enrollment Archives | Page 3 of 4

Client Service

November 21st, 2018

Even More Retirement Industry Evolution Expected in 2019

While previous years saw an increased focus on financial wellness educational content—delivered in fliers, websites and mobile applications—providers in 2019 will favor action-based strategies and solutions.

Data & Research

November 19th, 2018

Setting Defaults and Auto-Escalations Too Low May Undermine their Power

In addition, a person invested in a stable value fund versus someone invested in a target-date fund could end up with a balance as much as 59% lower,...

Data & Research

November 7th, 2018

Young Savers Are the Group Most Likely to Meet Retirement Goals

Workers under age 35 are realizing they need to start saving now, according to Ascensus.

Data & Research

November 5th, 2018

Plan Sponsors Turning to Financial Wellness Programs to Improve Retirement Security

Ten percent more employers than in 2016 that offer retirement programs are measuring the financial readiness of employees to retire, a survey found.

Client Service

October 29th, 2018

Another Survey Finds Saving for Retirement Is Employees’ Top Financial Concern

Monthly expenses are their second concern, The Standard found in a survey.

Data & Research

October 11th, 2018

Americans’ Top Financial Concern is Retirement Savings

However, only 33% are confident about their retirement readiness.

Feature

Narrowing the Scope

Analyzing big data from the recordkeeper to measure plan and participant achievements

Trendspotting

Improvement in Retirement Outlook

Most workers now expect to retire on time

Data & Research

September 28th, 2018

403(b)s Adopting Best Practices

Their use of an adviser acting as a plan fiduciary has increased by 40% in the past four years, according to the Plan Sponsor Council of America.

Client Service

September 27th, 2018

DC Plan Features Appreciated by Participants Who Want Saving and Investing Help

Sixty-one percent of all participants surveyed by J.P. Morgan agreed with the statement, “If I could push an ‘easy’ button for retirement and completely hand over my retirement...

Data & Research

September 21st, 2018

Auto-Portability Would Help Reduce the Retirement Deficit Significantly

If combined with the Automatic Retirement Plan Act of 2017, the retirement savings shortfall would be reduced by $932 billion, or 22.6%, according to EBRI.

Data & Research

August 21st, 2018

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.

Data & Research

August 16th, 2018

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...

Data & Research

August 13th, 2018

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...

Data & Research

August 13th, 2018

Preparing Participants for Retirement Is Sponsors’ Top Concern

To help employees achieve their savings goals, 82% of sponsors are making changes to plan design, and 83% are updating their investment menus.

Servicing Strategies

Stretching the Match

An adjustment to the formula can enlarge participants’ savings

Compliance News

Compliance News

Bills Addresses Retirement Plan AccessA package of bills sponsored by Senators Cory Booker, D-New Jersey, Tom Cotton, R-Alaska, Heidi Heitkamp,...

Data & Research

July 30th, 2018

Retirement Plan Leakage Thwarts Automatic Enrollment

A TIAA study finds the feature's benefit are continuously offset by pre-retirement withdrawals and plan loans.

Compliance

July 24th, 2018

BlackRock Calls for Expanding Access to Retirement Plans

One measure is to encourage MEPs by eliminating the “nexus” requirement.

Data & Research

July 12th, 2018

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...

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