A longitudinal analysis of 401(k) plan participants drawn from the EBRI/ICI 401(k) database found the average account balance for consistent participants increased at a compound annual average growth rate of 13.9% from 2010 to 2015.
Tag: Enrollment participation
The firm is partnering with bilingual education expert Rebecca Heaton Juarez to deliver broader-based financial wellness and participant educational services in multiple languages.
J.P. Morgan Asset Management’s Anne Lester describes best practices and emerging strategies for helping plan sponsors deliver better participant outcomes in an evolving retirement landscape.
Many states are looking at how they might implement government-sponsored IRAs, commonly known as auto-IRAs, which provide automatic enrollment of eligible private-sector workers.
During a press lunch in New York, Wells Fargo’s CEO of asset management issued a direct call to action for retirement plan advisers, sponsors and providers to do more to help Millennial women save and invest effectively for retirement.
The complaint suggests the companies engaged in “Tammany-like” collusion to steer assets into more favorable investments; both providers have issued strong denials and requests for summary judgement.
Whether saving in a 401(k) or not, the majority of survey respondents say their investment confidence would grow dramatically with the help of a financial professional.
This is according to a survey by the Committee on Investment of Employee Benefit Assets Inc. of its members.
The motivation for creating the Outcome Optimizer was born out of the understanding that plan sponsors and business owners are competitive by nature and, for the most part, they want to offer top quality benefits that reward hardworking employees.
However, among those, the take-up rate was only 75%, according to the Bureau of Labor Statistics.
They allow the plan to give higher contributions to the owners.
Robust plan design, education and the use of digital tools can increase employee engagement with their retirement plans, the firm's Plan Wellness Scorecard shows.
FICO's latest consumer finance trend research finds only a third of consumers between ages 38 and 52 are confident they will reach their long-term financial goals.
As TIAA’s CEO for Institutional Financial Services reflects on the firm’s upcoming centennial anniversary, he’s confident Andrew Carnegie would be proud of where the company and its industry have come.
Prudential data shows fully 25% of women indicate that they don’t think they’ll ever be able to retire, compared to 14% of men.
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 ensure the retirement readiness of participants.
The three-day event featured speakers from the DOL, top ERISA law firms and plan providers, as well as high-performing plan sponsors from across the U.S.
Women with children are much more likely than men to see job disruptions and a loss in retirement savings, warns a new MFS survey.
DC plan providers are turning to cloud-based technology and other solutions to redesign communication geared toward different generational groups.
Experts ask, what role can or should the retirement plan adviser play in pushing employers to be more paternalistic and generous with employee benefits?