It would raise the contribution limits for SIMPLE plans and modernize form filing requirements.
Tag: defined contribution 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.
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
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.
How Hearst Corp. followed a prudent process to choose its qualified default investment alternative.
This is a 50% increase from 2017.
However, if retirement expenses are reduced to 80% of average expenses, 82.1% are on track to not run short.
Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.
A survey finds that to prevent future retirees from challenges, governments and employers will have to step up to the plate.