Tag: Enrollment participation

Sixty percent of workers surveyed now consider the workplace a “very important source” for their personal insurance and savings products.

A book was written to help plan sponsors educate workers about how to generate lifetime income in retirement.

Participants in 401(k) plans prefer more proactive steps to increase their retirement readiness rather than historical transactions on their account statements, a study found.

The retirement services division of the OneAmerica companies has unveiled a new retirement education and engagement program for plan participants.

A record number of health care organizations are offering enhanced features in their defined contribution (DC) plans.

Most workers who are likely to focus on retirement savings have access to an employer-provided retirement plan, according to the Investment Company Institute.

An education policy statement and an education strategy document are helpful in building a retirement plan education program for employees.

 Plan sponsors need to create smarter retirement plan participant communication, according to Colette Ehlers, sales development consultant with Wells Fargo Institutional Retirement and Trust.   

Industry groups have recommended to the Internal Revenue Service (IRS) a “safe harbor” correction for automatic enrollment failures.

American workers are not saving enough for retirement—and risk the regret felt by current retirees who made that mistake, according to research from BlackRock.

Participation and deferral rates are indicators of retirement plan popularity, not success, according to Greg Burrows of Principal Financial Group.

A tool to help plan sponsors and advisers visualize the impact of a reenrollment into target-date funds on participant outcomes was launched by J.P. Morgan Asset Management. 

Participants have expressed anxiety over retirement readiness, Joe Connell, managing director of Sheridan Road Financial, told attendees at the 2012 PLANADVISER National Conference in Orlando.

A strong relationship still exists between an employee’s benefits enrollment experience and their perceived value of the benefits that their employer offers, a study found.

While National 401(k) Day is a good trigger to spur action from sponsors and participants to improve retirement readiness, the efforts should be ongoing.

Traditionally, 401(k) Day has been the Friday following Labor Day.

Determination, early saving and financial discipline are among the lessons from successful retirement savers, according to a survey by PNC Financial Services Group Inc.

Workers value their employer-provided health and retirement benefits, but the tax incentives that support these benefits are being scrutinized.

A growing number of employers are providing their employees with 401(k) plan features to help drive positive plan participation and encourage savings.

Households that defer less than 10% of their salary for retirement savings are at risk for not meeting their retirement goals, Putnam Investments’ research found.