According to the Insured Retirement Institute, systematic withdrawal strategies, whether a simple “x%” rule or based on a more sophisticated stochastic analysis of the probability that assets will not be depleted at various withdrawal rates, have two significant drawbacks.
Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.
INSIDE THE MAGAZINE PLANSPONSOR APRIL/MAY 2019
Some players in the K-12 403(b) plan marketplace say the multiple-provider model leaves plan sponsors with an unworkable number of providers and costs to participants are higher, while others say elements of this model work best for employees.
Despite market volatility, few participants in defined contribution (DC) plans served by Vanguard made one or more portfolio trades during the year, and 96% of all assets available for distribution due to a separation of service were preserved in a retirement savings account.
The investment committee for two Intel Corporation retirement plans asked the court to determine whether the provision of plan documents, in itself, creates for participants “actual knowledge” of an alleged fiduciary breach under the Employee Retirement Income Security Act (ERISA).
For employers, BrightPlan provides an assessment of the state of financial wellness across their employee base and identifies ongoing opportunities to help employees increase their financial acumen.
Vitality clients will purchase SmartDollar and roll it out to their employees as a free financial wellness benefit.
Employee education about health savings accounts (HSAs) remains the dominant concern of plan sponsors, and plan sponsors struggle to tell employees how to allocate their savings dollars, according to a survey from PSCA.
Falling equity returns accelerated the trend this year of participants moving into fixed income investments, according to Alight Solutions.
Among other things, workers with employee ownership experienced layoffs six times less often than those without, and employee turnover can be three times lower in employee-owned companies, according to the study.
Originally conceived as a supplementary savings vehicle to complement pensions, 401(k) plans now form the core of many American’s hopes and expectations for the long-term financial future.
Jonathan McBride, a BlackRock personnel executive and former White House staffer, talks about the successes and failures the financial services industry has had in attracting diverse professionals and serving diverse clients.