Only about one in six people (16%) worldwide is confident their current savings are sufficient to cover financial needs after retirement, a survey found.
Kravitz’ 2012 National Cash Balance Research Report indicates a 21% annual increase in new cash balance plans, almost double the previous year's 11% growth rate.
Plan sponsors should avoid using “jargon” investment language that some participants do not understand, even terms that would seem to be common knowledge, such as “equity.”
Retirement plan sponsors say automatic features are increasing employees’ retirement readiness, according to a study from Lincoln Financial Group and Retirement Made Simpler.
Data from the 2010 Survey of Consumer Finances (SCF) suggests retirement savings progress has slowed and even reversed in the wake of the financial crisis.