The Retirement Crisis Is a Coverage Crisis
For those workers who are offered a retirement savings plan at work, the U.S. retirement system functions pretty well; solutions...
Tag: Enrollment participation
Millennial Misconceptions: Younger Workers Prioritize Retirement
Millennials may make different life choices than previous generations, but they are also more engaged at an earlier age with...
Plan Success Beyond the Usual Statistics
High-level averages are often used to talk about the retirement readiness of a given defined contribution plan population, but the...
DC Plan Jargon Stymies Participant Success
The term “glide path” resonated with only 4% of participants surveyed by Invesco, despite being the most common term used by advisers, providers and plan sponsors when talking...
Will 2019 Bring Solution to Small Business Coverage Gap?
Even as large employers embrace cutting edge features in their retirement plans, LIMRA data shows small businesses continue to struggle when it comes to offering even basic retirement...
Finance’s Reputation Problem Impacts Auto Retirement Plan Success
Industry pros know there are big differences between financial services providers in termsof business models and their willingness to embrace fiduciary best practices—but many non-investors see a monolithic...
Nationwide Emphasizes Dual Role of Saving and Debt Reduction
By talking about the power of compounding and emphasizing the importance of investing at the same time one is paying down debt, advisers can inspire younger clients to...
Harmonizing Retirement Benefits and Corporate Strategy
Great retirement plans can be found in all industries and geographies, says Mel Hooker at Wells Fargo; what unites them is a sense of purpose and an ability...
Amid DOL Scrutiny, Provider Crafts Solution for Missing Participants
Employees are changing jobs more frequently than ever before, says Mark Koeppen at FPS Trust; when they go missing, this can lead to wasted time and money spent...
Retirement Planning for Business Owner Clients
Many small business owners have only planned for the future insofar as deciding that they will ultimately sell their firms and use the proceeds to finance their retirement;...
A Global Retirement Q&A with Ed Farrington at Natixis
Natixis’ head of retirement reflects on the newly published 2018 Global Retirement Index report, which shows the U.S. continues to slip relative to other developed nations in terms...
Financial Stress Hampers Employees’ Vision of Retirement
In a new Bank of America Merrill Lynch survey, 95% of employers who offer such benefits agree that their financial wellness programs have been effective at promoting work...
Addressing Plan Leakage with Sidecar Accounts
Bipartisan legislation has been introduced in the Senate to address retirement plan leakage; among the opportunities being discussed by industry stakeholders is the use of “sidecar” emergency savings...
District Court Denies Independent Contractors’ Eligibility Arguments, ERISA Suit
“ERISA’s limitations on who employers can exclude from ERISA plans are very narrow,” the decision states. “The law prohibits an employer from denying participation in an ERISA plan...
Small Plans Must Embrace Auto Features, for Employees’ Sake
Employees of small businesses with retirement plans that include automatic enrollment have far higher participation rates across all demographic variables, according to new data shared by Vanguard.
OregonSaves State-Based DC Plan Marks First Birthday
According to state authorities, the combined savings of the first groups of participating savers is approaching $5 million.
Wells Fargo’s Joe Ready Surveys Shifting Retirement Landscape
There is more emphasis than ever before in the DC plan space on identifying the best way to offer a benefit that is not just a to-retirement program,...
An Uncommon Argument Against Greater Savings
In a frank conversation with PLANADVISER, Andrew Biggs points to some common misconceptions about retirement income replacement among lower income groups.
Workplace Demographics Shape a New Understanding of Retirement
Take a couple that is healthy and retiring today at age 65; the probability of at least one member of this couple living to age 75 is 97%,...
Millennials Increasingly Embrace Roth and Traditional IRAs
The percentage of people who contributed to their Fidelity IRA in Q1 2018 increased 14% over a year ago; among Millennials, IRA contributions increased even more.