Tag: defined contribution plan

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.