Vanguard Report Underscores the Power of Automatic Enrollment
Over time, 90% of participants who are automatically enrolled in their retirement plan increase their deferral rates, either through automatic escalation or on their own.
Data and Research
Near-Retirees Flummoxed by Social Security Benefits
Respondents to a survey by MassMutual revealed certain topics they have questions about.
HSAs Continue to Grow in Popularity
A Devenir report finds more employees are also investing their HSA assets.
Health Care Plan Selection Can Hamper Retirement Savings
Voya finds that HDHPs paired with HSAs are often a more optimal choice for participants than PPOs.
Employers Asked to Take Part in Meeting Americans’ Retirement Income Needs
An economic report discusses Baby Boomers’ lack of retirement readiness and how a new framework for income security is needed as more and more people turn 65.
Participants Prefer Monthly Retirement Paychecks Over Flexible Withdrawals
The majority of respondents to a survey by Capital Group also noted they were potentially interested in annuity and lifetime guaranteed income solutions—options that many plan sponsors are...
Participants Want Simplified Investment Education
In addition to personalized advice, this includes easy to understand plan investment menus and investment options.
Longstanding Savings Gaps by Race, Ethnicity Persist
A new EBRI analysis of data taken from the Federal Reserve’s Survey of Consumer Finances underscores the persistently and perniciously unequal distribution of retirement savings in the United...
Public Sector Employees Need a Push to Supplement Pensions
Public sector employees do not increase savings in DC plans in response to potentially lowered DB benefits or the inability to participate in Social Security.
Recordkeepers Responding to Focus on Emergency Savings
Retirement plan recordkeepers are shifting how they see their role in ensuring financial security for participants, and they’re reacting to plan sponsor demand.
Retirement Accounts Post Record During a Pandemic and Recession
Employer-sponsored retirement plans and individual accounts hold some $35 trillion in total assets at a time when the broader economy—and many of its most vulnerable constituents—continues to struggle.
Warn Participants About High Health Care Costs in Retirement
Offering HSAs is only one way to help employees prepare for rising health care costs throughout retirement.
Participants Don’t Know Their Fees Are Declining
A survey finds nearly three-quarters of Americans don’t know how much they pay in retirement plan fees, while the ‘401k Averages Book’ shows fees continue to come down.
Women Are Running DC Plans Better Than Men
More women are also working in plan administrator roles, according to Morningstar research.
Corporate DB Plan Funded Status Improves to Pre-Pandemic Levels
Equity allocations gave some plans a boost, and experts anticipate new legislation will offer relief from expected higher contributions.
Do DC Plan Participants Benefit From Increasing the RMD Age?
Research finds that moving the age for required minimum distributions has little effect on accumulated savings, but participant behavior may change if the goal is to leave assets...
Sponsors’ Retirement Plan Priorities Shift Due to Pandemic
Nearly 70% are most interested in supporting their employees’ immediate financial needs.
On the Minds of Plan Sponsors
Attendees of PLANSPONSOR’s most recent virtual conference heard about how the impacts of COVID-19 call for a new, more robust approach to financial and retirement benefits.
Higher Ed Institutions Facing Increased Turnover Due to Burnout During Pandemic
Plan sponsors can use benefit offerings to decrease their staff’s constant struggle with work/life balance and offer transition help to those who insist on retiring.
Pandemic Prompts Many to Take More Notice of Retirement Plan
Providers saw an increase in the use of digital tools, prompting some plan participants to save more.