At Distribution Time, What Do Participants Do?Examining how participants decide to leave an
employer’s plan after separating and when they begin taking distributions can
help plan sponsors decide whether to use “to” or “through” target-date funds
(TDFs).Read more > |
A Retirement Plan Sponsor Uses the Power of InertiaRetirement plan participant inertia has
previously been viewed as a bad thing, but one plan sponsor sees it in a
different way. “For years, employee engagement was a primary goal of our
retirement plan strategy, but we realized it was hard to engage younger
workers. Then a light bulb went on, and we decided to use inertia as an asset
[for our strategy],” Joseph Huber, managing director and chairman of Credit Suisse’s
pension investment committee, tells PLANSPONSOR.Read more > |
Retirement Plan Deferral Limit Increases in 2015The Internal Revenue Service (IRS) announced
cost of living adjustments affecting dollar limitations for retirement plans,
as well as other retirement-related items for tax year 2015. The elective
deferral (contribution) limit for employees who participate in 401(k), 403(b),
most 457 plans, and the federal government’s Thrift Savings Plan is increased
from $17,500 to $18,000. The catch-up contribution limit for employees aged 50
and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s
Thrift Savings Plan is increased from $5,500 to $6,000.Read more > |
Great-West Rebrands As EmpowerGreat-West Financial has introduced Empower, a
new retirement services company. The retirement plan services businesses of
Great-West Financial take the name “Empower,” effective immediately. Empower is
now the second largest retirement services provider in the U.S. market, with
nearly 7 million defined contribution participants and more than $400 billion
in plan assets, according to Great-West.Read more > |
Just out of Reish: Plan Committee AgendasTo help committees put their focus where needed,
here is a proposed list of topics for participant-directed plans, such as
401(k)s and 403(b)s. The list of issues may be incomplete, and there is no
“magic” to the allocation, but this is a good starting point. This column
covers the first two quarterly meetings.Read more > |
PLANSPONSOR’s 2014 DC SurveyFor nearly two decades, PLANSPONSOR’s annual Defined Contribution Survey has been the most important industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own clients.Read more > |
|
|
ASK THE EXPERTS
|
|
|
|
Groom Law Group and Cammack
Retirement Group will field your
questions concerning 403(b) plans
and regulations. Email rebecca.moore@strategic-i.com with Subject
Ask the Experts
|
|
