Fidelity Predicts Retirement Industry Trends for 2017
An increased focus on education and wellness and plan designs focusing on retirement income are among trends Fidelity sees as gaining more traction this year.
Administration
Corporate Pension Deficits Increased in 2016
The aggregate pension funded status for the plans Willis Towers Watson tracked is estimated to be 80% at the end of 2016, compared with 81% at the end...
What Happens When DB Funding Relief Goes Away?
Defined benefit retirement plan sponsors should plan now for the future.
Robo-Advisers to Expand Deeper into DC Space in 2017
Though robo-advisers were once limited to individual investors, automated technology is projected to push further into the DC industry in the coming years.
Recordkeepers Provide a Wide Range of Services
They not only help with employee education and plan benchmarking, but they even supply access to ERISA attorneys.
Retirement Plan Sponsors Should Focus on Different Demographic Groups
Different retirement plan participant demographic groups face various challenges.
DC Participant Experience Will Change Regardless of DOL Rule
Broadridge identified three trends driving change in the retirement industry.
Retirement Plan Communications and Planning Going Digital
Employer-sponsored retirement plan providers are increasing digital offerings, but participants may need prompting to use these tools.
Mercer Suggests Areas for DC Plan Review
Plan design, investments, fees, financial wellness and the DOL’s fiduciary rule are all things defined contribution plan sponsors should consider going into the New Year.
Where Does Your Adviser Get Best Practices?
Chances are they have trickled down from a managing partner study group.
Improved Retirement Plan Communication Can Boost Confidence
DC plan participants are not very confident about saving enough for retirement, and providers are recognizing ways to boost website and digital communications to address this, a study...
The Case for the Traditional K-12 403(b) Model
Elements of the traditional model for K-12 403(b) plans provide motivation to participate and needed financial help, but there is also room for moving to some lower-cost investment...
403(b) Plan Sponsors Taking Action to Prepare for Fiduciary Rule
While 59% are making no changes, others are re-evaluating adviser choices, reviewing investment lineups and reviewing plan governance structure.
Auto-Features and Education Can Increase DC Plan Participation
There are several reasons employees may not participate in their employer-sponsored retirement plans, but plan design features and the right education can help give them a push.
Helping Participants Get on the Right Track to Retirement in 2017
A new survey reveals participants' main preferences and challenges when it comes to saving for retirement—including generating lifetime income, getting financial advice, and saving as soon as possible.
Trump Election a Positive So Far for DB Funded Status
Consultants estimate an improvement in funded ratios for defined benefit plans in November, and all attribute it to market activity following the election.
Doing What’s Best for Participants Is a Balancing Act
A GAO report about how certain DC plan design features can hinder retirement outcomes highlights how, even when making non-fiduciary decisions, there are questions about what is best...
Small Businesses Buy Into Safe Harbor 401(k) Plan Design
However, only 8.71% of plans automatically enroll employees that fail to make an affirmative enrollment election, an analysis finds.