Plan design coupled with product design can result in better outcomes for retirement plan participants, said Stephen Bozeman, senior product strategist at BlackRock.
Millennials are motivated to save for retirement and would plan ahead if they knew more about their employer retirement benefit options, a study found.
The current focus on retirement plan costs to participants provides a growth opportunity for the use of institutional investment products in defined contribution plans.
Curtailing the current tax treatment of retirement savings plan contributions will reduce employers’ willingness to sponsor plans and workers’ ability to save, a survey suggests.
While nearly two-thirds of American workers view the economy as unhealthy, the percentage of employees who believe it will improve in 2013 has increased.
Over the past two years, defined contribution (DC) plan sponsors have taken small but significant steps to help participants improve their retirement readiness.
The U.S. retirement system successfully provided adequate retirement resources and successive generations of retirees have been better off, ICI research found.