Tag: Participants

However, more Millennials than Baby Boomers expressed high levels of concern about market volatility and its impact on them reaching their retirement goals.

A federal court said that by not repaying the overpaid funds, the former participant has breached her ERISA fiduciary duties.

A vast majority think their employees would take advantage of such a benefit.

Asset classes with the most inflows were Bond funds, GIC/Stable Value funds, and Money Market funds.

But the outlook for both sexes isn’t good.

Data covering the savings behavior of tens of millions of Americans shows continued commitment for saving through defined contribution plans. 

Two industry leaders take the big-picture view of employer-sponsored benefit programs, participant trends, and what will likely stay or change in the short and long term.

Health care expenses weigh heavily on retirees.

A majority would go into debt to fund their child’s college education.

Thirty-eight percent know how much they’ll need, and 40% have decided the age when they’ll retire.

But fewer than one in four part-time workers have access to such a plan.

Protecting assets and saving for retirement are also key goals.

Nearly one-third of Americans have no emergency savings.

Ninety percent rely on financial advisers to diversify their portfolio.

The worries are impacting many aspects of people’s lives, starting with health.

However, average deferral rates have declined slightly from their peak of 7.3% in 2007, Vanguard finds.

It’s not just a U.S. phenomenon: longer lives and the rise of defined contribution plans are creating a global need for deeper knowledge about personal savings and investing. 

Those with 100% of their portfolio in a target-date fund are the least likely to exchange funds.

Areas with low DC plan access tend to be those with more small businesses, according to a new analysis from the Pew Charitable Trusts.

U.S. employees surveyed indicate they are will to pay more for retirement benefits.