RiXtrema Launches Plan Monitor to Minimize Fiduciary Risk
In an ever-evolving fiduciary landscape, the tool aims to identify in real time issues that may put plan advisers at risk, such as the availability of lower-cost share...
Tag: Participants
Many Women Say They Cannot Afford to Save for Retirement
Forty-four percent of middle-income women say this, compared to 14% of men.
401(k) Portfolio Allocations Changed Dramatically Over 20 Years
In addition, Alight Solutions finds participant trading in 401(k) plans has slowed down from 1997 to 2017.
Older Workers' Retirement Security at Risk
Income from retirement accounts would replace a median 14% of pre-retirement income for workers between the ages of 55 and 65, a new study suggests.
DC Participant Activity Stayed Steady in Q1 2017
A new study by the ICI finds that few DC plan participants stopped contributing to their plans in Q1 2017, and the rate of asset-allocation changes remained low.
Gig Economy Leaves Some Workers Financially Vulnerable
A survey from Prudential Financial finds workers in a gig job cite a lack of benefits as the biggest disadvantage.
Millennials Want Investments That Change Theirs' and Others' Lives
A survey from Capital Group also found 80% of Millennials believe all employers should be expected to provide a retirement savings option.
Nearly 20% of Workers Reduced Their Savings in the Last Year
Thirty-eight percent do not participate in a 401(k) plan, individual retirement account (IRA) or other type of retirement plan.
Women Spending Fewer Years Married, Shifting Retirement Outlook
This means their financial health should be studied separately from men.
Non-401(k)-Savers Timid About Asking for Financial Help
Whether saving in a 401(k) or not, the majority of survey respondents say their investment confidence would grow dramatically with the help of a financial professional.
Nearly One-Quarter of Americans Have Increased Their Retirement Savings
This is the highest percentage Bankrate.com has noted since 2011.
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.
Inflation is Americans’ Biggest Economic Worry
Nearly one-third of adults are “panicked” or “very worried” about it.
Millennials Most Interested in Sustainable Investing
Almost all Millennial investors in a study indicated they want sustainable investment options in their 401(k)s.
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Reconsidering the Status Quo
It takes more than automatic enrollment to valuably increase participation and engagement.
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Withdrawals and Loans Down
Only 17.0% of people have an outstanding loan from their 401(k) last year
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Focus on Financial Wellness Aids With Retention
Employers are seeing how the benefit helps their bottom line.
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Employers Support HSAs
The majority (75.3%) of the employers responding to the Plan Sponsor Council of America (PSCA) HSA (Health Savings Account) Snapshot Survey view HSAs as part of their retirement...