Participant Behaviors Can Inform Better Plan Design
J.P. Morgan makes recommendations for plan design and TDFs based on savings and withdrawal behaviors it analyzed.
Tag: automatic escalation
Janus Henderson Outlines Next-Generation Automatic Plan Features
Now that automatic and default features have gained widespread acceptance in DC retirement plans, it may be time to consider...
Strategies for DC Plans to Mitigate Risks in 2019
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in...
Retirement Plan Design Options Can Help With Individual’s Savings Concerns
The Standard recommends automatic plan features as well as managed accounts.
Many Worry More About Retirement Savings Than Monthly Expenses
Only 33% of Americans are comfortable with their retirement readiness level.
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of...
Plan Sponsors Changing Plan Designs, Investments to Improve Participant Retirement Outcomes
Preparing participants financially to be able to retire beat out reducing plan costs as plan sponsors' top concern in this...
Simpler Retirement Plan Communications Make No Difference in Employee Decisions
In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler,...
Millennials Benefiting from PPA
They are on track to replace 75% of their income, compared to 64% for Americans overall.
Increased Savings Rates and Auto Escalation Can Boost Retirement Income
Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income...
Consultants Support Retiree-Focused Investment Options
DC plan consultants surveyed by PIMCO offer suggestions for helping retirees with income, core investment menu design and other DC...
Sponsors Making Great Strides on Their Retirement Plans
With concerns about retirement readiness growing, sponsors are turning to automatic features, increasing their contributions, streamlining their investment menus and...
IRI Calls on Congress to Pass Mandatory 401(k) Legislation
A blueprint from the Insured Retirement Institute offers a guide for its dialogue with Congress and the Administration about improving...
Plan Sponsors Pushing Boundaries of Auto Features
In 2016, 40.2% of plan sponsors surveyed by the PSCA used a default rate for auto enrollment greater than 6%.
Bill Would Require Employers To Automatically Enroll Workers
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated...
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.