Sponsors’ Retirement Plan Priorities Shift Due to Pandemic
Nearly 70% are most interested in supporting their employees’ immediate financial needs.
Data and Research
On the Minds of Plan Sponsors
Attendees of PLANSPONSOR’s most recent virtual conference heard about how the impacts of COVID-19 call for a new, more robust approach to financial and retirement benefits.
Higher Ed Institutions Facing Increased Turnover Due to Burnout During Pandemic
Plan sponsors can use benefit offerings to decrease their staff’s constant struggle with work/life balance and offer transition help to those who insist on retiring.
Pandemic Prompts Many to Take More Notice of Retirement Plan
Providers saw an increase in the use of digital tools, prompting some plan participants to save more.
The NQDC Market
Data on number of plans, participants and liabilities by nonqualified plan type, and a listing of the largest providers of section 409A plans and section 457 plans.
Women’s Retirement Savings Especially Affected by the Pandemic
Offering employees flexible work schedules and access to financial advice are among actions plan sponsors can take to help.
Participants Are Saving More With ‘TDF-Plus’ Strategies
A new study finds participants who blended funds were on track to replace more of their pre-retirement income than those who did not.
The Pandemic Hasn’t Affected Retirement Savings Overall
Some Americans report having difficulty saving for retirement during the pandemic, but researchers found 401(k) contributions remained steady and mass withdrawals did not occur.
Black Americans Report Changing Financial Habits Due to COVID-19
The racial wealth gap underscores a need for financial education and access to advice—something retirement plan sponsors can provide.
Millennials Have a Debt vs. Savings Conundrum
Dispelling myths about when to save and invest for retirement, and helping with their student loan debt, can help Millennials better prepare for retirement.
Health Care Costs Continued to Rise in 2020
With health care costs continuing to rise at a faster pace than the annual rate of inflation, there is concern about how it will affect employees' financial futures.
Some Participants Reducing 401(k) Deferrals to Contribute to HSAs
Industry sources have recommended that participants adopt a savings hierarchy for retirement plan and health savings account contributions.
Plan Sponsors Want Continuing Relationship With Retirees
However, few say they have a way to interact with them.
Plan Sponsors Aren’t Warming Up to Provisions of the SECURE Act
Very few are interested in joining a PEP, and obstacles remain before sponsors will add annuities to their DC plans.
Americans Thinking of Reallocating Portfolios Following Election
The right messaging and access to advice can help retirement plan participants make the right decisions for their financial future.
Survey Finds Limited Use of Alternative and ESG Investments in DC Plans
Plan sponsors’ view of participants’ investment sophistication and recent regulations could have something to do with it.
Employers Continuing to Adjust Benefits in 2021
A Conrad Siegel report reveals challenges employers faced with their benefits in 2020 and what changes plan sponsors are making in the new year.
403(b) Plan Investment Lineups Have Changed
Since regulations were passed in 2007, mutual funds have been embraced more by 403(b) plan sponsors and participants, and mutual fund fees have decreased.
The Argument to Save Pensions by Saving Unions
Some sources say growing union membership to previous levels could go a long way toward solving many of the most vexing economic challenges facing Americans today, including retirement...
Employees Want More Help From Employers on Retirement
More than half of participants surveyed said a guaranteed retirement benefit would best meet their needs.