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Tag: retirement plan participation
Data & Research
Researchers Reveal Way Advisers Can Encourage Retirement Savings
Research looked at the impacts of framing future moments in time as opportunities to save for retirement
Compliance
Client Service
Client Service
Data & Research
Data & Research
Data & Research
Data & Research
Compliance
Data & Research
Legislators Introduce Bicameral Auto Re-Enroll Legislation
The bill would prompt employees who initially opt out of a retirement savings plan to reconsider every three years.
Encouraging Young Part-Time Employees to Save for Retirement
Financial advisers can help part-time employees who will be newly eligible for retirement plans under the SECURE Act get familiar with savings concepts.
Helping Clients With Part-Time Employee Inclusion in Retirement Plans
Counting hours, implementing cashouts and finding missing participants are some of the processes plan sponsors need to review for the SECURE Act's new requirement.
Plan Design, Education and Advice Can Improve Participant Retirement Savings
Defined contribution plan participants and non-participants surveyed by Natixis shared incentives that would encourage them to save or save more for retirement.
Education About Tax Treatment and Fees Could Boost 401(k) Participation
Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson.
Inertia Remains a Plan Sponsor Problem, Too
The language of “inertia” and “disengagement” are often used to describe the natural state of retirement plan participants, but new research from Wells Fargo suggests plan sponsors are also prone to settling with the status quo.
Aggressive Saving Is Simply Essential for Retirement Adequacy
A detailed analysis prepared by Aon suggests the typical worker would have to start saving at age 25 and put away 16% of pay annually—including the employer retirement plan match—to achieve a stable retirement outlook by age 67.
Educational Resources Bolster Retirement Readiness
An IALC report suggests plan sponsors apply educational resources—like seminars and informational fairs—to heighten employee participation.
Package of Bills Addresses Retirement Plan Access and Emergency Savings Accounts
The bills would allow for pooled employer plans, incentivize employers to adopt plans with automatic enrollment; allow employers to automatically enroll their workers in emergency savings accounts; and make it easier for individuals to automatically save their tax refunds.
Census Bureau Survey Underestimates Retirement Plan Participation
Sixty-three percent of workers between the ages of 26 and 64 participated or had a spouse that participated in a retirement plan in 2014, according to the ICI.