Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 24th, 2018
Benefits & Administration
Gen X and Gen Y Making Sacrifices to Save More for Retirement
Many Gen Xers and Gen Yers deferred 90% or more of the Internal Revenue Service (IRS) maximum allowance for contributions to their retirement accounts, according to research by Principal Financial Group, and they are sacrificing other expenses to do so.Read more >
Missing Retirement Plan Participants Fare Better Than Those Who Cash Out
Despite intense Department of Labor (DOL) activity surrounding missing retirement plan participants, at least those participants’ retirement savings are preserved, say executives at Retirement Clearinghouse. And, focusing on a solution to retirement plan cashouts may actually help plan sponsors find missing participants.Read more >
Products, Deals and People
Alight Announces Solutions Aimed to Reduce Employee Health Care Costs
The new solutions help employees find highly rated and cost-effective providers, guide them to the right programs and help them find lower cost prescriptions, which can reduce cost for themselves and their employers.Read more >
Vanguard Offers Commission-Free ETFs
The launch will allow Vanguard Brokerage clients to access the vast majority of exchange-traded funds (ETFs), from providers including BlackRock, Schwab, and State Street Global Advisors (SSGA), without incurring additional costs to purchase or sell.Read more >
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