Opinions |
Encouraging Trends in 401(k) Plan Design
A review of topics plan sponsors should consider as they review their plans before the 2024 enrollment season.
Tag: advice
Magistrate Judge Says Aon, Alight Can’t Evade PRT Lawsuit
The firms allegedly provided a comprehensive set of pension plan termination services to a hospital system client that, according to...
Appeals Court Rejects AARP, State Arguments to Revive DOL Fiduciary Rule Process
The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...
Interest in Retirement Advice Increases Wtih Age, Account Balance, Contributions
TIAA also discovered that participants with web access are twice as likely to seek out advice as those without web...
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Mutual of America Launches Social Media Campaign
The company has set up pages on Facebook, Twitter and LinkedIn to educate people about retirement
Loans, Suspended Deferrals Can Reduce Nest Eggs by as Much as 20%
The damage is worse for younger workers, as their savings time horizon is longer than older workers.
Work in Retirement Could Be an Elusive Goal for Many
Data shows that only 20% of people 65 and older were in the workforce in 2016, yet 56% of workers...
Single Women Underestimate Their Financial Knowledge
This is setting their retirement savings back, with many investing in cash.
Recession Has Prompted Millennials to Be Financially Conservative
They are willing to cut back on going out or taking vacations in order to save as much as 50%...
Many Gen Xers Plan to Address Retirement on the Fly
Although credit card debt is keeping half of surveyed Gen Xers from starting to save for retirement, 63% say “everything...
Half of Employees Don’t Want Personalized Messages About Saving for Retirement
However, a survey found 53% of employees would like their employers to offer tools to help them improve their financial...
Many People Have Withdrawn From the Markets Following ’08
But 40% say the Great Recession has had no impact on their lives whatsoever.
AB Outlines Six Ways to Improve DC Plans Markedly
The first step, AB says, is to replace TDFs from recordkeepers with open architecture, next-gen TDFs.
Two-Thirds of Millennials Are Saving for Retirement
Sixty-four percent have financial goals.
Debt in Retirement Affects Confidence
Only half of retirees with debt are confident they will be able to live the lifestyle they want, but 70%...
Participants’ Multiple Accounts Makes Measuring Success a Challenge
Plan sponsors should be aware that many participants have assets invested with providers that do not serve their current plan,...
401(k) Contributions a Struggle for Many Lower Wage Workers
Seventy percent of those with less than $45,000 in household income say they cannot afford to save for retirement.
Millennials Very Receptive to Investment Advice
This is in spite of the fact that 64% are very or extremely confident in their ability to make investment...
Consumers Not Receptive to Employer-Provided Retirement Planning Resources
Yet, retirement savings accumulators, especially younger ones, are seeking help more than five years ago, research finds.
Fidelity Shares Lessons for Enduring Market Volatility
Baby Boomers’ average 401(k) account balance in June 2007 was $115,000, but those who continued to contribute to their account...