Tag: automatic escalation

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...

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

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

They are on track to replace 75% of their income, compared to 64% for Americans overall.

Participants who work with a traditional or online adviser are on track to replace 116% of their income. Those working with any paid adviser, 91%, and those with...

Concerned that workers are not saving enough, employers are hoping to improve their financial security, Willis Towers Watson found in a survey.

The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.

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...

All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year.