Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 24th, 2016
Benefits & Administration
Americans of All Ages Worried About Retirement
Americans of all ages are worried about having enough money to fund their retirement, according to research by the Transamerica Center for Retirement Studies. Forty-five percent of Baby Boomers expect their standard of living will decrease in retirement, 83% of Generation X think their generation will have a harder time achieving financial security than their parents, and only 18% of Millennials are very confident about their future retirement.Read more >
Participants Could Use Managed Account Education
Fidelity Investments conducted a survey to find out why retirement plan participants value managed accounts and found that 48% appreciate the ongoing monitoring of their investments and 44% like the annual review. However, more education about managed accounts is clearly needed, as 39% who don’t use a managed account say they do not know how they work and 25% said not knowing enough about them is a major barrier to adoption. Once it is explained what a managed account is, 52% say it would be relevant to their needs and 52% say they would find the service useful. Read more >