The consulting firm says that few plan sponsors pay close attention to how their employees allocate their retirement savings.
Tag: DC plan
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 investment decisions.
They are on track to replace 75% of their income, compared to 64% for Americans overall.
The new law extends the time a participant has to repay loans from 60 days after an offset to the date their tax return is due.
Additionally, the number of plans with an initial 6% deferral rate for automatic enrollment now surpass those with 3% as the initial rate.
The solutions can help retirement plan sponsors and the advisers serving them easily arrive at a baseline cost for the plan
This is especially a concern, as only 20% believe they are saving adequately for retirement.
Ongoing education makes participants aware of the plan and underscores its value.
Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.
The platform allows retirement plans to solicit bids from retirement plan providers.
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
It consists of six live, web-based training sessions conducted over a three-month period.
When trades were made, there was a continued movement away from equities into fixed income.
Together, they supply 40% of retirees’ income.
Individuals who have an adviser are more likely to be on track to create adequate retirement income—by a wide margin, a study by Empower found.
This is down from three-quarters last year, a PIMCO survey found