Helping preretiree participants figure out their retirement budgets Online Extra in this article: "Making Retirement More Achievable"
When I first started in the retirement plan industry, about a decade ago, I wrote about how companies were spending lots of time and money conducting employee education meetings in which they attempted to teach participants about investments: what they were, how they worked and the importance of diversifying one’s savings.
Another way to help workers save for retirement
A top concern for CFOs
New Secretary of Labor approved
Bill seeks changes to the tax code and ERISA
DOL offers one-time deadline reset
IRS provides Form 5500 efficiencies
New York offers districts a pension-smoothing program
Survey respondents fear investing, financial planning
Emerging strategies identified
Simplification is the goal
Many years ago, retirement plan participant education included only information about plan features and maybe two illustrations of typical asset allocations for individuals, based on age.
Recent product introductions that plan sponsors may find of interest
More attention being brought by plan sponsors and regulators
Three managers are applying focused portfolios with high active shares to beat the notoriously difficult Russell 1000
William J. Schumacher v. AK Steel Corporation Retirement Accumulation Pension Plan and AK Steel Corporation Benefit Plans Administrative Committee, No. 1:09-cv-794
Longer periods of lower returns may force this issue
Rival claimants, retroactivity will make things complicated
How should it be applied?
Questions on these two topics answered
Quotes, survey statistics and musings to use in employee communications, or just for a break from the grind.
Managed account options
Target-date and target-risk funds
Industry terminology can be hard to understand In this article: Know How for Participants, "Talking the Talk"
Their usage and implementation varies dramatically Online Feature in this article: "Schwab’s All-ETF Retirement Plan"
Collective investment trusts increasingly appear in investment lineupsAlso featured in this article: "Legal Issues to Consider"