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| Benefits & Administration |
| How Plan Sponsors Can Use Research and Surveys |
| Data and research from providers and industry groups can help plan sponsors make more informed decisions.Read more > |
| Interest in Retirement Advice Increases Wtih Age, Account Balance, Contributions |
| TIAA Institute analyzed the use of advice in 23 plans for which it was the sole recordkeeper between 2009 and 2014 and found that a mere 13% of participants seek out advice. However, interest in advice increases with age, account balance and annual contribution level, according to TIAA’s report, “New Evidence on the Demand for Advice Within Retirement Plans.” TIAA also discovered that participants with web access are twice as likely to seek out advice as those without web access.Read more > |
| Reducing PBGC Premiums by Splitting Up a DB Plan |
| Splitting up a defined benefit (DB) plan into a plan that covers participants subject to the variable-rate premium headcount cap and a plan that covers all other participants may reduce the Pension Benefit Guaranty Corporation (PBGC) variable-rate premiums in two ways, according to an article penned by Brian Donohue, partner at October Three Consulting, based in Chicago.Read more > |
