Tag: Participants

Nearly 70% of families where the head of the household is 55 or older carry debt, EBRI found.

However, their top three financial fears include health challenges, job loss and market volatility

Despite the tremendous progress of the last decade, there remain some “surprisingly different perspectives” among plan sponsors, recordkeepers, and individual participants when it comes to priorities and best practices, according to a new Cerulli report.

Businessolver President and CEO Jon Shanahan says a new joint solution being rolled out with Transamerica better acknowledges the “intrinsic relationship between wealth and health” by delivering a “one wallet” approach. 

Anne Ackerley, head of BlackRock’s defined contribution business, sat down last week with PLANADVISER to offer a sneak peek at the DCIO provider’s latest DC Pulse Survey; the data shows increased confidence among plan participants, while sponsors have emerging decumulation concerns.

Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found that debt is a major obstacle preventing many people from saving as much as they would like.

Fifty-three percent say that working with an adviser could help them meet their goals.

Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey

However, this is not always the case for lower-income workers.

The redesigned plan participant portal is based on insights gained from working with more than 5 million workers across the U.S., according to the firm.

While they are less trusting of their advisers and providers, clients who identify as “online enthusiasts” have increased the amount of market risk they are taking.

The platform highlights the importance of integrating both physical health and financial wellness in a worker's lifestyle. 

This is up from 62% in 2005, Fidelity Investments says.

Only 31% of Americans are confident they will have saved enough by the time they retire.

Voya Investment Management has become the latest signatory of the Principles for Responsible Investment pledge, stepping right into a hot debate about the role of environmental and societal considerations in retirement plan investing.

However, an analysis among people in nine nations found U.S. LGBT workers rank the highest on the Aegon Retirement Readiness Index.

Strong stock market gains and a decrease in unemployment boost AICPA’s Personal Financial Satisfaction Index to a record high in the 24 years the trade group has been conducting this survey.

The software includes a Behavioral Risk Survey that advisers can give to retirement plan participants.