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April 9th, 2019

Asset Consolidation

Facilitating participant roll-ins allows for a realistic view of retirement savings.Read more >

Baby Boomers, Insufficiently Prepared for Retirement, Need Access to Advisers

To kick off National Retirement Planning Week, the Insured Retirement Institute (IRI) hosted a media call during which Frank O’Connor, vice president, research at IRI, noted that in 2011, when the IRI first conducted its survey of Boomer expectations for retirement, 75% had retirement savings. Today, only 55% of Boomers have retirement savings, and among this group, half have less than $250,000 put away. The IRI also found that financial advisers and individuals are not considering the effects of health care costs and long-term care in planning for retirement.Read more >
What Is a 403(c) Contract Within a 403(b) Plan?
“I work for a private tax-exempt that maintains an ERISA 403(b) plan. Do you have any idea what a 403(c) contract is? I noticed it when reviewing plan balance information, and asked my recordkeeper representative about it, but he appeared to be as stumped as I was!”Read more >

Senators Propose Requiring Employers to Contribute to Workers’ Savings Accounts

The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year, with the goal of helping workers prepare for emergencies and retirement.Read more >

Different Cultural Groups Have Varying Expectations for Retirement

Results of a survey from MassMutual can inform plan sponsors about approaches to take to help different cultural groups—and employees overall—achieve the best outcomes to match their expectations.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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