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October 9th, 2018 |
Time Is Running Out to Respond to the 2018 DC SurveySponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. The deadline for responding has been extended to October 19.Read more > |
Employees Struggle With Allocating Money to HSAs and Retirement PlansEighty-two percent of employees see medical costs as their biggest challenge now and in the future, according to the Willis Towers Watson 2018 Health Accounts Employee Attitudes Survey. Yet only 25% rank contributing to a health savings account (HSA) as a top current financial priority. Roughly one-quarter of employees who didn’t enroll in an HSA say they don’t have enough money to contribute to one at this time. Even financially adept employees have trouble deciding where to save and how to spend.Read more > |
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ASK THE EXPERTS
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Paying for Retirement Incentives by Reducing 403(b) Contributions“I work with a higher education institution that is attempting to incentivize some of our faculty who have reached traditional retirement age to actually retire. We were thinking of paying for some of the incentives by reducing or eliminating contributions to our 403(b) retirement plan for those who are 70 or older. Can we do this?”Read more > |
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Millennials Need More Investing ConfidenceMillennials are uncertain about making investing decisions and show little interest in robo advisers, despite the myth, according to a research report from the CFA Institute, in partnership with the FINRA Investor Education Foundation. Only 21% of non-investing Millennials and Millennials with only retirement accounts are very or extremely confident about making investment decisions.Read more > | NAGDCA Provides Free Communications for National Retirement Security WeekThe U.S. Senate unanimously approved a bipartisan resolution supporting the goals and ideals of National Retirement Security Week. The National Association of Government Defined Contribution Administrators (NAGDCA) continues to develop and promote free, ready-to-use communication materials for plan sponsors to use with their employees. National Retirement Security Week is October 21 through October 27 this year.Read more > |
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