Tag: Defined contribution

When DC plans were first launched, plan sponsors mostly viewed them as a tool to attract and retain employees.

The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.

Even though many small businesses lack retirement plans, a study by LPL Financial suggests minor tax adjustments could nudge them in the right direction.

"Employers may want to reevaluate the allocation of benefit dollars to better respond to employees’ needs and concerns,” says Alexa Nerdrum with Willis Towers Watson.

The researchers conclude that “including well-designed LIA defaults in DC plans yields quite positive consequences for …workers.”

The agency has made changes to its opinion letter program for pre-approved retirement plans.

In a notice, the IRS reminds retirement plan sponsors it no longer issues determination letters for individually designed plans.

Among employers offering Roth 401(k) savings programs, 40% now offer matching contributions.

The eMoney Advisor platform will be updated with tools designed to help users suggest the right retirement products for clients based on their individual needs and preferences.

Cost and oversight are cited as main obstacles.

Ascensus found that employees who decided to enroll in their employers’ retirement programs after receiving targeted communication deferred on average 6.24% of pay.

The FiduciaryShield toolset launched by Redhawk aims to help advisers meet fiduciary responsibilities on behalf of IRA holders.

The aim is to help advisers have more nuanced conversations with their clients and for sponsors to see how they compare to other companies in their industry.

One of the biggest drivers of a financial wellness program’s success is plan sponsor enthusiasm, experts agree. 

Plan sponsors need to take a closer look at the various components that determine the health of a plan in order to remain compliant with regulators and to...

At year end 2016, the percentage of participants with an outstanding loan balance was 17.0%, compared with 17.4% at year end 2015.

The growth of 4.67% is the highest quarterly bump for the index since the end of 2013.