Defined contribution (DC) plan participants saw average daily transfer activity increase in December 2013 over the previous month, according to the Aon Hewitt 401(k) Index.
More employees are participating in employer-sponsored retirement plans, thanks to plan design changes, but there are still improvements that can be made.
The Bipartisan Budget Act of 2013, signed into law in December, increases both the flat- and variable-rate single-employer Pension Benefit Guaranty Corporation (PBGC) premiums.
Defined contribution plan participants saw average daily transfer activity decline in November compared with October, according to the Aon Hewitt 401(k) Index.
Worries about recruiting and training new talent, as more Baby Boomers retire, top the list of challenges facing plan sponsors and advisers of 403(b) plans.