Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 17th, 2016
Benefits & Administration
DC Plans Dominating Not-for-Profit Market
More than one-third (35%) of not-for-profit employees have access to a defined benefit (DB) pension, compared to 16% percent of for-profit workers, according to LIMRA Secure Retirement Institute (LIMRA SRI) data. However, the data reveals defined contribution (DC) plans are the most widely available retirement planning benefit even among non-profit employers.Read more >
Retiree Health Care Cost Estimates Reach Record Level
Couples retiring in 2016 can expect to spend $260,000 on health care in addition to long-term health coverage in retirement, according to research by Fidelity.Read more >
Cause for Optimism and Concern in DC Stats
While the decline of the DB pension paradigm is often maligned, new LIMRA Secure Retirement Institute research shows the DC system, at least for the for-profit private sector, is doing a decent job of picking up the slack.Read more >