The Value of Determining a Retirement Plan’s Philosophy
Industry experts say delving into why a sponsor has a retirement plan can be very instructive for plan design and outcomes.
15th Anniversary of RPAY: Chepenik Financial Services
Jason Chepenik says advisers need to continue to have the courage to try new ideas.
As Pandemic Drags On, Don’t Let Clients Forget the Fundamentals
Advisers should watch out for unwitting partial plan terminations tied to layoffs and lasting damage to employees’ retirement readiness caused by hardship withdrawals.
2021 Plan Sponsor of the Year Nominations Are Open
Do you work with, or know of, a plan sponsor that deserves recognition for going above and beyond? Consider nominating them for a 2021 PLANSPONSOR Plan Sponsor of the Year award.
Considerations When Constructing Plan Committees
Having an odd number of members is sensible, as is pursuing a committee that reflects the employee population’s demographics.
Four Things to Know About Changes to Employer Contributions
Record Low Unemployment Spotlights Benefits Generosity
Plan Sponsors Calling on Advisers to Improve Participant Outcomes
“They are hiring advisers to understand how well their plan is functioning and how to improve it,” Jordan Burgess, with Fidelity Institutional Asset Management, tells PLANADVISER.
Defaults Play a Big Role in Savings Outcomes
They impact participation, contributions and asset allocation, according to a research paper supported by a grant from the Social Security Administration.
Learning from Asset Managers’ Defined Contribution Plans
Companies that help retirement plan sponsors with investments also provide benefits to their own employees; in some ways, assets managers’ plans resemble the broader marketplace, while in others they stand out.
Actions Individuals, Employers and Governments Can Take to Improve Retirement Readiness
Advisers can play a role by encouraging actions by plan sponsors and participants.
Plan Success Beyond the Usual Statistics
PLANSPONSOR Survey Results Highlight Role of Advisers in Health Care Industry
Nearly 86% of not-for-profit health care entities reported that financial advice in some form is offered to their defined contribution plan participants, compared to 79.4% of for-profit entities.
House Ways and Means Committee Talks Retirement Reforms
A panel of expert witnesses from across the financial services domain discussed shortcomings and opportunities for improvement in the U.S. retirement savings system; they urged House members to embrace bipartisanship and commonsense solutions.
Plan Sponsors Have Questions About Dynamic Default Investments
Strategies to Manage Retirement Plan Loans
Celebrating 40 Years of the 401(k)
When Auto-Roth Accounts Make More Sense
Janus Henderson research suggests the vast majority of auto-enrollment programs fund only pre-tax accounts; this is despite the fact that for younger, lower-income employees, funding a Roth account may be a more appropriate long-term option.
Setting Defaults and Auto-Escalations Too Low May Undermine their Power
In addition, a person invested in a stable value fund versus someone invested in a target-date fund could end up with a balance as much as 59% lower, BlackRock says.
Fidelity Analysis Shows Advantage of Long-Term Savings
In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.