Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 26th, 2016
Benefits & Administration
Cross-Tested Plans Shoot for Similar Benefits at Retirement
Cross-testing can benefit older, highly paid employees, but can be a win for other employees too.Read more >
A Disconnect on Retirement Readiness
More than half of retirement plan sponsors (59%) say the majority of their participants are saving enough to retire with the income they will need, according to BlackRock’s DC Pulse Survey. But only 28% of the participants surveyed are confident they are saving enough. When it comes to the information plan participants need, nearly two-thirds of plan sponsors (64%) describe their participants as “very” or “extremely” informed about how much money they should be saving today for retirement, but only 37% of employees describe themselves the same way.Read more >
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