Not All With Access to Retirement Plan Use It
Among private-industry workers, 66% had access to a retirement plan, but only 75% of this group either chose to or met eligibility requirements to participate, according to BLS...
Latest News
Retirement Industry People Moves
DWC ERISA Consultants rebrands; VALIC names VP of Business Development; Ascensus to acquire Benefits of Missouri; and more.
LGBTQ Americans Struggle With Saving for Retirement
Seven in 10 LGBTQ Americans say they are behind on saving for retirement.
Sponsors Big and Small Strengthening Plans
A change in philosophy is happening quickly and has already materially improved the DC retirement system, according to Catherine Peterson with J.P. Morgan Asset Management.
Treasury to Wind Down myRA Program
The department said demand for and investment in the myRA program has been extremely low.
How Hybrid QDIAs Could Be Beneficial to Participants
Whether structured as a hybrid QDIA or not, experts agree managed accounts can be complementary to TDFs in a DC plan’s investment menu.
Michigan Governor Signs Teacher Pension Plan Reform
The bill creates a new 401(k)-style defined contribution plan with an automatic employer contribution of 4% of the employee’s salary.
Provider Ordered to Return Millions to Health Plans
MagnaCare has been ordered to return at least 14.5 million to ERISA-covered health benefit plans.
Plan Sponsors Looking to Enhance Fixed Income Strategies
In order to preserve capital and protect participants from longevity risk, plan sponsors intend to put a bigger emphasis on fixed-income strategies.
Advisers Responding to Plan Sponsor Demands
More advisers are offering services pertaining to financial wellness and HSAs.
Millennials Could Use Help Finding Money to Save for Retirement
"Education on topics such as personal budgeting, student loan debt and adjustments to spending habits can help Millennials free up funds for retirement savings," a Cerulli analyst says.
Products |
Investment Products and Services Launches
Pensionmark rolls out new investment reporting tools; American Century enhances One Choice Target-Date Portfolios; Nationwide partners with Hueler for new annuity; and more.
Non-Proprietary TDFs Gaining More Attention
Larger plans are taking the lead in moving away from proprietary TDFs, and research shows plan sponsors are also moving to CIT TDFs.
PBGC Seeks Plan Sponsor Input on Agenda
Retirement plan industry stakeholders are asked what objectives and projects the pension insurance agency should prioritize in the years ahead.
Pennsylvania State Agency Accused of Age Bias
During an interview, a job candidate who was older than 40 was told the employer had concerns he may not have a long tenure with the agency.
Many DC Plan Sponsors Likely to Move From DC Plan to State Plan
However, employees are not confident in government administration of retirement savings, LIMRA found.
Benefits |
New Comparability Plans Allow the Employer to Reward Older Employees and Owners
They are popular among small, professional firms with a disparity in pay.
Nearly One-Quarter of Americans Worry They Will Never Be Able to Retire
Americans' next biggest financial fears are living paycheck to paycheck and never being able to climb out of debt.
Nearly Two-Thirds of Americans Participate in Their Retirement Plan
ICI examined newly available data from the IRS and found that 63% of Americans participate in their retirement plan either directly or through their spouse.
Plan Sponsors Using Plan Design and Other Tools to Increase Employee Engagement
“Participant engagement growth has also been driven in part by employers making education more accessible with onsite meetings, webcasts and personal consultations,” Bank of America Merrill Lynch says.