Tag: Plan design

Nearly one-third of Americans have no emergency savings.

Changing how information is presented to participants can improve their behavior, Bank of America Merrill Lynch finds.

Most retirement plan sponsors simply rely on what their recordkeeper offers, Morningstar Investment Management says.

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.

It’s not just a U.S. phenomenon: longer lives and the rise of defined contribution plans are creating a global need for deeper knowledge about personal savings and investing. 

Mark Iwry, senior advisor to the U.S. Secretary of the Treasury was in Seattle to support the initiative.

The reasons people start saving for retirement can inform plan advisers and sponsors about educational nudges and plan design.

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

Plan designs are also changing.

Add a proposed class action lawsuit against M&T Bank Corporation to the sizable and quickly growing list of new ERISA actions filed so far in 2016. 

Fifty percent of Millennial women think they will have to reduce their standard of living in retirement.

While there is still a lot of room for improvement in the U.S. retirement planning system, one DC industry executive suggests the “blueprint for success” has been drawn...

Helping plan sponsors make certain plan design decisions and helping employees make the right savings and investing decisions can significantly increase retirement outcomes, the GAO found.

Advisers can help 403(b) retirement plan sponsors with plan design and fiduciary best practices, according to Brad Holterhaus with Principal.

The firm has issued a white paper in honor of the 10-year anniversary of the PPA.

Proposed rules providing nondiscrimination testing relief for certain DB plans is not affected.