Study Offers Suggestions for Improving Americans’ Retirement ConfidenceIt appears that employers can play an integral role in helping people plan better for retirement, Mercer says, since its survey found 79% of people say they trust their employers to give sound, independent advice on planning, saving and investing. “Eighty-six percent of employees say that if their employer improved benefits or added access to an investment plan, it would have a positive impact on them at work, resulting in higher job satisfaction and greater commitment to the organization,” Mercer says.Read more > |
Health Care Costs Affecting Retirement for Some WorkersTwenty-six percent of workers surveyed by the Employee Benefit Research Institute (EBRI) have decreased contributions to their retirement plan, and 27% have delayed retirement due to increased health care costs.Read more > |
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ASK THE EXPERTS
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Record Retention for Non-ERISA 403(b)s“I read in an Ask the Experts column that the Employee Retirement Income Security Act (ERISA) requires plan sponsors to retain plan documentation for at least six years, and, in many cases, much longer than that. But our plan is not subject to ERISA, so should we follow the ERISA standards for record retention?”Read more > |
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