How Hearst Corp. followed a prudent process to choose its qualified default investment alternative.
Tag: defined contribution plan
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.
Only 2.7% discontinued contributions, according to the ICI.
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.
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 no adviser, 51%.
One-third of North American workers surveyed said their employer does not offer retirement education or coaching.
However, this is not always the case for lower-income workers.
Concerned that workers are not saving enough, employers are hoping to improve their financial security, Willis Towers Watson found in a survey.
Only 2.4% discontinued contributions, a mere 2.8% took withdrawals and just 1.3% took hardship withdrawals, ICI data show
Americans are confident DC plans will help them meet their retirement goals, ICI found.
The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”
The tool analyzes administration fees as well as individual mutual fund fees.
They earn less than older generations, are less likely to participate in a retirement plan, and will have to contend with longer life spans and rising health care costs.
In conversation with Jeff Kletti, head of investments at Wells Fargo Institutional Retirement and Trust, PLANADVISER gets an inside view of some emerging—and some familiar—defined contribution plan trends.
They want help with investments, participant education and fiduciary responsibilities.
However, advice seeking increases with age, account balance and annual contribution level.
Higher-income workers, making $90,000 a year, will pay $277,000, according to America’s Best 401k.