Nearly One-Quarter of Americans Have Increased Their Retirement Savings
This is the highest percentage Bankrate.com has noted since 2011.
Tag: Defined contribution
Study Finds Preference for Pre-Tax Deferrals Even If a More Adverse Outcome
The study finds most people do not consider tax implications before deciding whether to defer into retirement plans' pre-tax or Roth accounts.
Paper Gives Guidance About Structuring Real Estate Investments in DC Plans
As a general matter, DC Direct Real Estate product structures should accommodate the unique considerations that are important to DC plan fiduciaries, such as investor eligibility, regulatory oversight...
Provider Call Centers Aim to Educate About Hardships and Alternatives
Some providers train call center staff to educate participants about the implications of taking a hardship and other options.
Retirement Plans Need to Consider the Sanctions Bill
Advisers and plan sponsors may think the sanctions bill doesn't affect them, but it does, according to a Groom Law Group Benefits Brief.
Editor’s Letter
Setting the Record Straight
The idea that people worked for one company their whole lives and then got a “fat” paycheck at the end...
Income Disruptions Common During One’s Working Career
Health crises, job losses and other life transitions can reduce workers’ earnings and cause them to stop saving for retirement.
Treasury Announces End of myRA Program
American taxpayers have paid nearly $70 million to manage the program since 2014, the department said.
Hybrid QDIAs Can Help Preserve Retirement Income
DC plan sponsor clients can leverage both TDFs and managed accounts together to maximize outcomes.
DC Plan Innovation Moves Down Market
Smaller plans traditionally have lagged behind large plans when it comes to embracing best practices under ERISA, but survey data shows the picture is changing.
DC Plan TDF Use Is Changing
More DC plan sponsors are selecting non-proprietary TDFs and CIT TDFs, research finds.
DC Plan Sponsors Express Desire to Move to State-Run Plans
Plan sponsors' fear of plan lawsuits is highly correlated to willingness to discontinue a DC plan in favor of a state solution, LIMRA finds.
More Americans Participating in Their Retirement Plan, ICI Says
Nearly two-thirds, 63%, of those between the ages of 26 and 64 participated in their plan directly or through their spouse.
DC Plans Focusing on Getting Employees Retirement Ready
When DC plans were first launched, plan sponsors mostly viewed them as a tool to attract and retain employees.
DCIIA Calls for More Robust Use of Automatic Features
The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.
Tax Adjustments May Drive Small Businesses into 401(K) Space
Even though many small businesses lack retirement plans, a study by LPL Financial suggests minor tax adjustments could nudge them in the right direction.
Disconnect Between Shift in Benefits Spend and What Employees Want
"Employers may want to reevaluate the allocation of benefit dollars to better respond to employees’ needs and concerns,” says Alexa Nerdrum with Willis Towers Watson.
Research Finds Benefit of Offering Longevity Annuities in DC Plans
The researchers conclude that “including well-designed LIA defaults in DC plans yields quite positive consequences for …workers.”
IRS Makes Effort to Encourage Use of Pre-Approved Plans
The agency has made changes to its opinion letter program for pre-approved retirement plans.