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| Benefits & Administration |
| 403(b) Plans Improving Plan Design |
In a survey of 608 non-profit organizations conducted by the Plan Sponsor Council of America (PSCA), the council found these non-profits are making improvements to their 403(b) plans, particularly with respect to auto-plan features. Twenty-one percent of 403(b) plans now automatically enroll their participants, up from 19% in 2016 and 16.2% in 2014. Among the 21% of plans that automatically enroll participants, 52% pair that with automatic escalation, up from 43% in 2015.
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| Thirty-Eight Percent of Workers Do Not Participate in Their Retirement Plan |
Eighteen percent of workers reduced their 401(k) contributions and/or personal savings in the past year, CareerBuilder found in a survey. Thirty-eight percent do not participate in a 401(k) plan, individual retirement account (IRA) or any other type of retirement plan. Twenty-six percent did not set aside any savings during the last year. One-quarter of workers said they were not able to make ends meet each month in the past year, and 20% have missed some payments.
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| Products, Deals and People |
| Investment Products and Services Launches |
Vanguard Establishes Total Corporate Bond ETF and Capstone Financial Launches New Crossmark Global Investments Brand
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