A survey from the Empower Institute reveals retirement industry terms employees prefer, what they want communications look like, and how they prefer to receive them.
Consultants say market losses for U.S. pension plans in December were the worst in a decade.
Even among 403(b) plans not governed by ERISA, PLANSPONSOR DC Survey results show improvement in certain governance practices.
While the pension deficit for the Fortune 1000 plans Willis Towers Watson tracks is projected to be only slightly lower than the deficit at the end of 2017, pension plan assets declined sharply at the end of 2018.
A review of how financial wellness has increased in the past year, and clues on what to expect in 2019.
They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Mercer recommends 10 areas of focus for defined benefit plans in 2019.
A university spokesperson told Yale News that the changes to the retirement plan were not in response to ongoing litigation.
Most organizations appear to underestimate the financial challenges facing older workers, and thus the likely timing of retirements, Willis Towers Watson says.
J.P. Morgan makes recommendations for plan design and TDFs based on savings and withdrawal behaviors it analyzed.
The median account balance for K-12 educators surveyed who work with a financial professional is $40,000 versus $21,000 for those who do not work with a financial professional, and 88% are confident in having a plan for retirement in place.
Firms that monitor defined benefit (DB) plan funded status reported slight gains for the month.
Now that automatic and default features have gained widespread acceptance in DC retirement plans, it may be time to consider additional steps to further enhance participant retirement preparedness.
There are goals and deadlines during the termination process, so a plan sponsor doesn’t want to hit a roadblock and have to start the process all over again.
The firm is terminating its pension plan via a combination of lump-sum distributions and an annuity purchase.