Form 5500 Data Shows Large Sponsors Favor TDFs to Boost Savings
Employer contributions and loans are also prevalent, a Brightscope/ICI report says.
Tag: automatic enrollment
Americans Saving an Average of 7.6% for Retirement
Men are saving an average of 8.9%, and women, 6.4%, PenFed Credit Union found in a survey
Two Thirds of Millennials Have No Retirement Savings
Only one-third are participating in their retirement plan
Sponsors Making Deliberate Enhancements to Retirement Plans
Concerned that workers are not saving enough, employers are hoping to improve their financial security, Willis Towers Watson found in a survey.
IRI Issues Retirement Security Blueprint
The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.
Default Rates for Auto Plan Features Moving Up
More plans are auto enrolling at a greater than 3% default deferral rate, and 13% of plans are increasing deferrals at more than 1% annually, a PSCA survey...
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The Next Big Thing
What could be the next major development, following the passage of the Pension Protection Act more than 10 years ago?
Research and Surveys Can Help Inform Plan Sponsor Client Decisions
From what participants want, to retirement plan trends and what other plan sponsors are doing, data and research can be used to help retirement plan sponsor clients decide...
More Detail From Rep. Neal’s Automatic Retirement Plan Act
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year.
Employees Support Plan Design Features That Nudge Retirement Savings
An American Century study also found that when offered the option of receiving either a 100% match on 3% of their retirement plan contributions or a 3% higher...
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403(b)s Embrace ‘Auto’ Features
More than two in 10 not-for-profits now automatically enroll participants
Editor’s Letter
The Simplest Fix
My daughters have been receiving an allowance since they were each around 4 years old. It gets divided three ways:...
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Education vs. Advice
Part of the reason the qualified default investment alternative regulation—found in the Pension Protection Act of 2006 (PPA)—was viewed as so helpful to participants was because they often...
Sixty Percent of Plans Automatically Enroll Participants
While 66% of larger plans use automatic enrollment, only 51% of smaller plans do.