Data & Research December 15th, 2022 Workers, Employers, Contributed to Retirement Plans at Record Rates Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new...
Data & Research December 15th, 2022 Study: Women Say Competing Priorities Hinder Retirement Saving Although women live longer than men, many retire earlier than planned and few can save enough to reach the income...
In Practice December 14th, 2022 Fintech SMB Plan Providers Saw Growth in ’22 On Low-Fees, State Mandates Firms offering low-cost smaller company retirement plans say business is booming despite market volatility, but opinions are mixed on how...
Data & Research December 12th, 2022 Morningstar Raises “Safe” Retirement Withdrawal Rate to 3.8% Morningstar researchers say higher interest rates and lower equity evaluations will make starting with a 3.8% withdrawal rate safe for...
In Practice December 8th, 2022 Small and Medium Businesses Driving NQDC Plan Growth Small-to-medium-sized businesses are increasingly turning to nonqualified deferred compensation plans amid a competitive market, according to data and industry players.
In Practice December 7th, 2022 Voya’s New Workplace Head Thinking About the Employee Experience in More “Bundled” Fashion Rob Grubka of Voya has had his role expanded to oversee workplace solutions, encompassing all benefits and savings businesses. He...
In Practice December 6th, 2022 Plan Advisers May Help Boost Employee 401(k) Participation Of plan sponsors with full employee participation, 80% work with an adviser to help design and manage their 401(k) benefit,...
In Practice December 6th, 2022 Near-Retirees May Be at Risk for Retirement Income Shortfall A DCIIA report written by industry players looks at how rising interest rates and inflation are cutting into common retirement...
Data & Research December 1st, 2022 Self-Directed Retirement Investors In Brokerage Accounts Stay in Equities Despite Volatility According to a Charles Schwab report, the average account balance decreased approximately 20%, year-over-year.
In Practice November 23rd, 2022 AARP Finds Major Gap Between Retirement Goals and Preparedness A new AARP study finds there is still a wide gap between the importance people put on retirement planning and...
Data & Research November 22nd, 2022 Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers Retirement plan advisers respond to DC recordkeepers that are present, active, and trusted partners, according to an annual Cogent Syndicated...
In Practice November 21st, 2022 Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity Two new programs focus on advancing diversity in the financial management space by working with historically black colleges and students.
Data & Research November 18th, 2022 Sharp Year-End Decrease In Bonuses Expected for Financial Sector In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses...
In Practice November 18th, 2022 Expert Panel: Today’s Retirement Plan Advisories Require Specialization An evolving small business market, increased regulation, and shifts in client needs all lead to more specialized retirement plan advisement,...
Data & Research November 17th, 2022 Retirement Account Balances Down 21% or More in Q3, Fidelity Data Shows Data from more than 35 million participants in Fidelity accounts shows a steep hit to balances during the market downturn,...
Data & Research November 16th, 2022 Retirement Plans Still Vital in Talent War to Retain Employees Research from Voya finds U.S. workers still value a retirement plan about as much as a flexible work arrangement. Ubiquity...
Data & Research November 15th, 2022 53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored...
In Practice November 14th, 2022 Recordkeeper Consolidation Leads to Drop in Proprietary Product Share, Opening Door for Asset Managers The consolidation of DC plan providers may not be as much of a threat to asset managers as some have...
In Practice November 14th, 2022 SPARK Releases Updated Data Security Best Practices Updates were developed by SPARK Institutes data security oversight board, are consistent with the DOL best practices.
Data & Research November 11th, 2022 Expert Panel: The Economic and Political Sides of ESG Experts caution against including political values in investment strategy, but explain that ESG is not a political agenda.