The number of U.S. workers who are open to putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a...
Plan sponsors should consider the trade-offs involved between the costs of funding safe harbor contributions and the corrective actions that result from failing the tests.
DC plans are taking on more and more features that primarily used to be associated with defined benefit plans, to some success, but more work lies ahead in...
Plan sponsors can assist low- and moderate-income workers’ retirement readiness by educating them about the benefits of delaying Social Security until full retirement age.
Recordkeepers are bolstering education, projection modeling tools and tailored advice capabilities to support plan participants and encourage them to remain on track for retirement income planning.
Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.
While clean data is important for identifying deaths and locating participants and beneficiaries, it can also have a great cost benefit for plan sponsors implementing pension risk transfer...
Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are moving toward pension risk transfer off track.
Experts discussed the types of outsourcing available to plan sponsors, from basic 3(16) administration services to full discretionary 3(38) investment management.
Plan sponsors should consider two necessary elements when benchmarking investments. Meanwhile, whether fees need to be benchmarked depends on how they are paid.
Experts discussed whether plan sponsors should have one or two committees, who should be on the committee(s) and the best approaches for documenting meetings.
Increased education and simplification will allow K-12 employees to better understand their options and how they can combine their benefits to ensure a secure retirement.