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August 19th, 2016 |
| Retirement plan participants are very active on social media, Spectrem Group found in a survey of participants in defined contribution plans. They are not only looking for retirement account information, but information about general financial topics.Read more > |
403(b) Plan Sponsors Focusing More on OutcomesPSCA’s survey found a 24% increase from last year in the number of sponsors measuring their participants’ ability to meet retirement income goals.Read more > |
DC Plans Dominating Not-for-Profit MarketLIMRA Secure Retirement Institute (LIMRA SRI) data reveals defined contribution (DC) plans are the most widely available retirement planning benefit even among non-profit employers.Read more > |
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ASK THE EXPERTS
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| Defined contribution (DC) retirement plan participants strongly value their workplace retirement plan and would like to see their employers do more to help them save because, looking back on their savings history, they regret not doing more to prepare for retirement.Read more > |
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| Retiree Health Care Cost Estimates Reach Record LevelA 65-year-old couple retiring in 2016 will need an estimated $260,000 to cover health care costs throughout retirement, according to Fidelity’s Retiree Health Care Cost Estimate. The level represents a 6% increase from last year’s estimate of $245,000 and marks the highest projection since Fidelity began making calculations in 2002.Read more > | What the 403(b) Excessive Fee Lawsuits Do Not Consider Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.Read more > | Columbia University Target of ERISA Excessive Fee SuitAn employee of Columbia University has filed a lawsuit on behalf of participants and beneficiaries in the Retirement Plan for Officers of Columbia University and the Columbia University Voluntary Retirement Savings Plan for breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA), claiming the university’s 403(b) plans’ fees are expensive.Read more > | | TIAA Global Asset Management has announced the successful closing of the T-C U.S. Super Regional Mall Fund LP (U.S. SRM Fund), which aims to give institutional investors access to “dominating super-regional malls via ventures with top-tier operators.”Read more > | | This fall’s entering college students, the class of 2020, can’t recall a time when the United States was not at war, or when someone named Bush or Clinton was not vying for a political office, according to the latest Beloit College Mindset List.Read more > | | David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
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