Tag: Participants

The Internal Revenue Service announced that employer-sponsored retirement plans can make loans and hardship withdrawals to assist victims of historic flooding in Louisiana. 

However, Millennials are using technology more frequently for managing finances and leading healthy lifestyles.

These are becoming their preferred methods of reviewing their retirement plans and communicating with advisers.

Embracing a greater role in managing household finances and generating family income, Cerulli Associates research suggests women working in the U.S. are eager for financial advice. 

And only 21% are working with a financial adviser

The industry standard of 3% is finally being challenged

They also value a match more than they do a salary increase.

Participants with outstanding loans is also down from a year ago, according to ICI data.

Fewer than half (44%) of participants surveyed by Charles Schwab are confident making 401(k) decisions on their own, but 74% said they would be confident making 401(k) decisions...

Of the 41% who haven’t started saving for retirement, the majority say they aren’t making enough.

As long as plan sponsors make (and document) a reasonable effort to locate missing participants and benefices, they can leave alone Lines 4I of the Schedule H and...

Younger people are mostly focused on matches, while older folks concentrate on distribution options.

Two-thirds of participants surveyed said helping them know how much more they should be saving or how much they should have in their retirement plan today is a...

Corporate class action litigation often comes in waves—certainly this is the case in the retirement planning industry, which has seen a rash of “self-dealing” lawsuits filed against service...

Milliman unveiled the latest in a series of website enhancements for its defined contribution clients and their plan participants. 

Employees with access to financial education have more savings.

Men also think about retirement more often than women, and talk about it more frequently with work colleagues, a study finds.

Transfers continued to favor fixed income investments.

It was actually the wealthiest Americans who saw interest and effort in personal savings dip over the last year, while those lower down on the income scale were...