Options for Pension Risk Transfer Expanding
A pension plan transaction recently announced by British Telecom, offers a glimpse of a coming pension risk transfer option for U.S. defined benefit plan sponsors.
Tag: Plan design
PRI Adds Reporting Tool to Advisor Resource Center
The Pension Resource Institute, LLC (PRI) reached a partnership agreement with FRA PlanTools that allows PRI subscribers to easily order and access FRA PLANbenchmark reports.
Participants Favor Automatic Annual Increase
Fifty-five percent of retirement plan participants favor automatic annual increases to their account contributions.
Q-and-A: Does Participant Education Actually Help Participants?
Does educating participants on savings behaviors and investments have an actual, measurable effect that can drive better retirement outcomes?
Fidelity Offers Roadmap for Improving Retirement Outcomes
Fidelity Investments has launched an initiative to help employers evaluate and improve the retirement readiness of their employees.
New York Life Tool Gauges Retirement Readiness
New York Life Retirement Plan Services has released an interactive Retirement Readiness Dashboard to help 401(k) plan sponsors and plan advisers better gauge the effectiveness of their plans.
The Impact of Leakage on 401(k) Accumulations
A new analysis from the Employee Benefit Research Institute (EBRI) shows preretirement 401(k) account withdrawals often have a negative impact on long-term wealth accumulation.
U.S. Insurers Scale Back Income Guarantees
Insurance providers plan to continue to scale back offerings of lifetime income products, according to new research from financial analytics firm Cerulli Associates.
Retirement Plan Loans Commonly Taken, Commonly Regretted
Nearly one-third of workplace retirement plan participants polled have taken one or more loans against retirement savings—and 44% of them later regretted the decision.
DC Plans Focus on Streamlining Investments
Defined contribution plan sponsors tend to offer far more investment fund options than the number actually used by the average participant, according to new research from SEI.
Mass. Regulator Argues for Better Disclosures of Match Changes
In a report sent to Congress and the Department of Labor, the Massachusetts Securities Division (MSD) is asking for improved disclosures to retirement plan participants of company match...
IRS to Discuss Retirement Plans, Same-Gender Marriages
An upcoming phone forum hosted by the Internal Revenue Service (IRS) will cover updates to retirement plans to reflect the agency's guidance regarding same-gender marriages.
Auto Features Boosting Participation, Savings Rates
Retirement plan participation and savings rates are rising due to adoption of automatic plan features, says Vanguard in “How America Saves 2014.”
80% of DB Sponsors Interested in Risk Transfer
Eight in 10 defined benefit (DB) plan sponsors expressed interest in pension risk transfer products.
PSNC 2014: DB Plan De-Risking
The effort to de-risk defined benefit (DB) pension plans is an immensely complex task that presents no shortage of challenges or opportunities to retirement plan sponsors and consultants.
Younger, Newer Employees the Plan Participation Challenge
Millennials continue to be the big challenge for retirement plan participation, Wells Fargo Institutional Retirement and Trust finds.
Participant Retirement Savings Rebounded from Recession
Average 401(k) account balances have increased 93% since the economic downturn of 2009, according to research from The Principal Financial Group.