Tag: defined contribution plan

In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler,...

They are on track to replace 75% of their income, compared to 64% for Americans overall.

“We continue to see the significant impact plan design and financial wellness programs have on participant behavior, as evidenced by...

The solution offers participant features and additional customizable features typically enjoyed by larger corporations.

On top of this, more than three in four worry Social Security could be extinct by the time they retire.

Ongoing education makes participants aware of the plan and underscores its value.

Half of retirees say they spend less in retirement than they did in their working years.

"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address...

Outflows were primarily from target-date (35%), emerging markets (27%) and company stock (27%) funds, the Alight Solutions 401(k) Index shows.

Together, they supply 40% of retirees’ income.

Many people are unaware of their triple tax advantages, that balances can be carried forward and that the money can...

Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.

The blueprint calls for nine design features of the new contract.

A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.

Empower identified “habits of success” that correlate with higher projected retirement income—saving in a workplace retirement plan, saving at a...

Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income...

Nearly half would like a digital retirement coach, an Accenture survey found.

Fifty-five percent of women are afraid they will outlive their savings, according to the Transamerica Center for Retirement Studies.

A report from the National Institute on Retirement Security shows that 66.2% of working Millennials have nothing saved for retirement.

However, this is not always the case for lower-income workers, MassMutual found in a survey.