
A Future of ‘Coopetition’

Analysis of American Workers Shows Retirement Plan Type Influences Spending Habits
A study of government employees reported that those with defined benefit retirement plans typically spend a higher percentage of their income than those with a defined contribution or hybrid plan.

Previewing Plan Features

15th Anniversary of RPAY: Ellen Lander
Lander says her practice, Renaissance Benefit Advisors Group, thoroughly enjoys its independence.

15th Anniversary of RPAY: Christopher Kulick
In the three years since winning the award, Kulick says his practice has deepened its client relationships while increasing capacity for business development.
Robo-Adviser vs. Human Adviser

The Art of Adaptation
Few Retirees Keep Assets in Their DC Plan
Participants who were age 60 or older when they retired were more likely to keep assets in the plan if it permitted installment payments, according to Alight Solutions.
Americans Confident DC Plans Will Help Them Meet Their Retirement Goals
They also say that these accounts help them think about the long term and make it easier to save, an ICI survey found.

Cash Balance Plans on the Rise
Detailed Plan and Participant Analytics Can Improve Retirement Readiness
Willis Towers Watson believes that sponsors must analyze the retirement adequacy and meaningful benchmarks for individuals or segments of the population.
Sibson Highlights Importance of Proper Asset Allocation
The consulting firm says that few plan sponsors pay close attention to how their employees allocate their retirement savings.
Missing Participants Could Disqualify a Retirement Plan
Mercer offers recommendations for retirement plan sponsors to search for missing participants.
A Secure Retirement for Only 50%
Legislation Would Boost Retirement Plans for Small Businesses
It would raise the contribution limits for SIMPLE plans and modernize form filing requirements.
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 investment decisions.
Millennials Benefiting from Retirement Plan Modernization
They are on track to replace 75% of their income, compared to 64% for Americans overall.
A Mere 6% of Retirees Continue Working
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Plan Documents Require Update After Tax Reform
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.
Average Deferral Rate Reaches 8.3%
Additionally, the number of plans with an initial 6% deferral rate for automatic enrollment now surpass those with 3% as the initial rate.