Peer Power: How Participants Can Help Each OtherRetirement plan
providers have been testing behavioral science themes with retirement plan
participants, and positive outcomes are clearly emerging from the effort.Read more > |
Moving the Needle on Retirement ConfidenceThe 25th Retirement
Confidence Survey (RCS) from the Employee Benefit Research Institute (EBRI)
finds Americans’ confidence in their ability to afford a comfortable retirement
has continued to rebound from the record lows experienced between 2009 and 2013,
but this increased level of confidence does not appear to be grounded on
objectively improved retirement preparations.Read more > |
Loan Policy Affects Plan LeakageA study concludes that
retirement plan loan policy is economically meaningful in shaping participant
borrowing.Read more > |
Retirement Planning Should Consider the UnexpectedSixteen percent of
workers in the 2015 Retirement Confidence Survey (RCS) from the Employee
Benefit Research Institute (EBRI) say the age at which they expect to retire
has changed in the past year, and of those, the large majority (81%) report
their expected retirement age has increased.Read more > |
Plan Design Trend Improved Participant AllocationsIn a significant
number of American households, defined contribution (DC) retirement plan
participants’ investment allocations occupy the extremes, finds an analysis
from Towers Watson.Read more > |
Too Soon to Assume the Worst About Fiduciary RuleSome industry groups have contended the new
fiduciary investment advice rule from the Department of Labor (DOL) will result
in higher costs for plan sponsors and participants and the loss of some
services, but others say it is too early to tell.Read more > |
Voya Announces CEO of RetirementCharles P. Nelson will spearhead tax-exempt and
corporate markets and wealth management at Voya in his new role as retirement
chief executive.Read more > |
Will the DOL’s New Proposal Make Me a Fiduciary?“As
an employee benefits manager for a large nonprofit hospital, I work with our
plan consultants to put together investment recommendations for our Employee
Retirement Income Security Act (ERISA) 403(b) plan to the plan’s fiduciary
committee. I am not a named fiduciary for the plan (the named fiduciary is the
committee) and I am not a member of that committee. I do not make any decisions
regarding plan investments (or any other decisions regarding the plan, for that
matter), and it is not the intent of my employer that I serve as a fiduciary.
However, I have read that the Department of Labor (DOL) is tinkering with a
more expansive definition of fiduciary, so I am concerned about my fiduciary
status. Can the Experts shed any light on my situation?”Read more > |
