Accelerated Retirement Plan Closings Put Pressure on Small Employers
A Morningstar report reveals the pandemic caused defined contribution plan closings to spike and new plan creation to slow down.
Tag: DC plan
Alternatives May Have a Place in DC Plans
DCIIA provides potential next steps for defined contribution plan sponsors to incorporate alternative investments into their plans, with considerations for...
DC Plans Use Pension Features to Improve Retirement Outcomes
DC plans are taking on more and more features that primarily used to be associated with defined benefit plans, to...
Installment Payments Encourage More Retirees to Keep Assets in DC Plans
Over the past decade, overall, there was a higher percentage of withdrawals among people who terminated employment after reaching age...
Participants Stay the Course With Their DC Plans
In the first three quarters of 2018, only 2.2% of participant stopped contributing to their plans, ICI data shows.
DC Plan Averages Don’t Tell the Whole Story
It’s important to know how different employee groups are benefitting from a defined contribution (DC) plan so unique issues can...
Majority of DC Plan Participants Express Retirement Readiness Confidence
In addition, a majority of those polled by the Investment Company Institute (ICI) oppose changing key features of DC plans.
DC Plan Sponsors Want Retirees/Terminated Employees to Remain in Their Plans
More than 60% of employers want to keep retirees in their plan, and 33% prefer that terminated employees keep their...
Gen X and Gen Y Making Sacrifices to Save More for Retirement
Many Gen Xers and Gen Yers deferred 90% or more of the Internal Revenue Service (IRS) maximum allowance for contributions...
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.
Plan Designs, Market Rates Lead to Improved DC Plan Metrics in 2017
“We continue to see the significant impact plan design and financial wellness programs have on participant behavior, as evidenced by...
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Principal Offers Retirement Plan Solution for Small and Mid-Sized Employers
The solution offers participant features and additional customizable features typically enjoyed by larger corporations.
Only 20% of Workers Believe They Are Saving Adequately for Retirement
On top of this, more than three in four worry Social Security could be extinct by the time they retire.
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Retirement Plans Must Be Paired With Educational Programs
Ongoing education makes participants aware of the plan and underscores its value.
Retirees Say Income Replacement Needed Not As High As Pre-Retirees Think
Half of retirees say they spend less in retirement than they did in their working years.
Retirees Find Creating a Drawdown Strategy Is Complex
"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address...
Brokerage Accounts, Dividends Critical Sources of Retirement Income
Together, they supply 40% of retirees’ income.
Specific Actions Lead to Higher Retirement Income
Empower identified “habits of success” that correlate with higher projected retirement income—saving in a workplace retirement plan, saving at a...
Tax Bill Impacts Provisions of ERISA Plans
The bill does not impact tax breaks for retirement savings.