Tag: Defined contribution

Retirement plan advisers will need to help DC plan sponsors communicate to participants and help DB plan sponsors review their investment strategies.

Many witnesses agreed that any open MEP legislation should not be overly burdensome and should not include the "one bad apple" rule.

A group of Senators are putting aside party divisions to introduce the Retirement Savings Lost and Found Act. 

Data covering the savings behavior of tens of millions of Americans shows continued commitment for saving through defined contribution plans. 

But fewer than one in four part-time workers have access to such a plan.

The 2nd Circuit used the same logic in prior decisions to determine plaintiffs had not proven Lehman plan fiduciaries violated the Employee Retirement Income Security Act (ERISA).

At year-end 2015, about half of all Vanguard participants were solely invested in an automatic investment program—compared with just 29% at the end of 2010.

Significantly more plan sponsors intend to take action in the form of negotiating for lower fees or lower-fee share classes, eliminating revenue-sharing arrangements, or consolidating the plan investment...

However, average deferral rates have declined slightly from their peak of 7.3% in 2007, Vanguard finds.

The investment management firm notes that nearly 40% of working households do not have access to a retirement plan.

Areas with low DC plan access tend to be those with more small businesses, according to a new analysis from the Pew Charitable Trusts.

Respondents to PLANSPONSOR's 2016 Participant Survey who work for organizations that offer DC plans were twice as likely to have established retirement goals as employees without access.

Yet 91% say it is very or extremely important to help employees have a secure retirement.

High-performing advisers at the J.P. Morgan DC Summit in New York widely hope the government will make retirement savings mandatory for at least some segments of the working...

The advocacy organization suggests increasing global market volatility is directly tied to “the decades-long push by fiscal conservatives to dismantle public-employee pensions.”

They are adopting more lower-cost and alternative investment vehicles.

No comments were received regarding the proposed regulations, so the IRS finalized the proposed regulations, with a one-year delay of the applicability date.

“I think having the certification will be a requirement in RFP searches. It will streamline our RFP process,” says Mike Volo, senior partner at Cammack Retirement Group.