Individuals need to know the right number in order not to outlive their retirement savings, as well as to prepare in time for financial dependents.
Data and Research
Low-income workers do not need to save much because Social Security may be adequate, a study suggests.
In a comparison of the average costs of two 401(k) plans with the same total assets, data from the most recent 401k Averages Book showed plans with larger...
The value public-sector employees place on retiree health and pension benefits is worth the effort of finding solutions to keep offering them.
The PLANSPONSOR 2019 DC Survey suggests 403(b) plan sponsors, more so than DC plan sponsors overall, are stepping up to aid employees with these components of financial wellness.
“The industry has realized that by working together on cybersecurity issues, we are stronger than if we remain in our own silos,” says Tim Rouse, SPARK Institute executive...
A look at the setup and features of these plans may offer a clue about how open MEPs sanctioned by the SECURE Act will look.
Only 6.8% receive income through Social Security, a defined benefit (DB) plan and a defined contribution (DC) plan, the NIRS found.
Implementing lessons learned from behavioral finance and measuring plan success by participant retirement readiness can help, according to Brodie Wood, with Voya Financial.
However, the deadlines for employers to register stretch out to 2022, so the data could improve over time to approach the success reported at the two-year mark by...
Recent studies find 401(k)s have increased retirement savings gaps among demographic groups, and those in 401(k)s have not met their savings potential, while DB plans offer more equality.
The quarterly statement is a proven tool for getting plan participants engaged in their retirement readiness; however, not all providers are including the best information to get participants...
It found cost savings would accrue to plan participants in the form of lower fees and greater investment growth over time, improving retirement security by up to 9%.
Aside from the lack of use of auto-enrollment, NAGDCA’s current benchmarking survey found some similarities between government DC plans and their private-sector counterparts.
Like the general population, financial literacy varies across demographic groups within the African-American population, TIAA Institute finds.
The Employee Benefit Research Institute also found an expansion of 401(k) safe harbor plans nationwide would reduce the deficit by even more.
A new report says Americans have greater access to workplace retirement plans and are saving more than in the past, and better protections are in place to guard...