For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings.
Small businesses who use Square Payroll can access affordable benefits like health insurance and retirement savings.
ABG Consultants selects Hand Benefits & Trust to establish a series of risk‐based CIFs; Russell Investments creates Income Model Portfolio strategies; Broadridge aligns with Tableau Software to deliver investment analytics; and more.
Sixty-two percent of Americans polled are confident they will be able to maintain their savings as they transition into retirement, but only 45% think their savings will last throughout their retirement.
It has only been about a year and a half since large U.S. universities became the target of ERISA lawsuits, making for a fresh crop of claims and defense strategies that matter for all types of DC plans.
They are focused on reducing risk, which Connecticut State Treasurer Denise L. Nappier says is a priority for institutional investors who have a fiduciary obligation to invest pension assets prudently and to monitor and manage risks.
ASOP 51 requires actuaries performing valuations for defined benefit plans to identify risks that, in the actuary’s professional judgment, may reasonably be anticipated to significantly affect the plan’s future financial condition, and Eric Keener, with Aon, says this may help plan sponsors avoid adverse actions.
What would encourage more ESG offerings in retirement plans?
When workers are continuously engaged in a financial wellness program, they increase their retirement contribution rates by 38%, and the average age at which workers could retire and replace 80% of their income moves from 68.5 to 66.96, according to Financial Finesse.
MassMutual urges pre-retirees to calculate their projected income and expenses in retirement because although retirement plan balances are healthier than they were five years ago, they may not necessarily be sufficient to support the income needed for so many early retirements.
Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
However, while 71% of employers see a positive impact on company health benefit costs from wellness programs, more than one-third say they do not offer these programs, the Transamerica Center for Health Studies found.
Wells Fargo uncovered four specific participant characteristics that correlate with a significantly better financial life.
With the launch of its latest analytics module, Lex Machina has uncovered a variety of trends across all the flavors of ERISA litigation.
The new guidelines offer a practical framework to help global and regional employers better understand how much money different workers need to save for a stable retirement.
The agency says plan sponsors have fiduciary responsibility for selecting and monitoring Retirement Clearinghouse’s Auto-Portability Solution, but once assets have been transferred from a plan sponsor’s retirement plan, it is no longer a fiduciary with respect to those assets.
Looking at the various sources of households' estimated retirement income, the Center for Retirement Research at Boston College found that even the one it felt was most reliable shows roughly half of households are likely to fall short of a target replacement rate of 75%.
Research published by NTSA also finds a 203% increase in average contribution rates among plans providing access to 15 or more providers compared to plans with only one provider.
Many workers earning between $35,000 and $100,000 voice confidence about near-term financial goals, but this seems to be coming at the expense of long-term aspirations.
The agency contends the alleged actions by UBS related to residential mortgage-backed securities contributed to the 2008 financial crisis, but UBS has fired back against the allegations.