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| Benefits & Administration |
| Workers Say Benefits Give Them a Sense of Financial Security |
| Fifty-eight percent of middle-income workers, those with household incomes of between $35,000 and $150,000, say they feel more financially secure because of workplace benefits, according to the MassMutual Workplace Benefits Study, based on a survey of 1,010 working Americans conducted by Greenwald & Associates. Among those in households with incomes between $70,000 and $150,000, 65% say they feel more secure because of workplace benefits, but this is only true for 42% of those with incomes of less than $45,000. MassMutual says this may indicate a need for more financial education in the workplace.Read more > |
| DC Plan Sponsors Making Great Strides on Their Retirement Plans |
| With concerns about retirement readiness growing, defined contribution (DC) plan sponsors are turning to automatic features, increasing their contributions, streamlining their investment menus and improving fee transparency.Read more > |
| Future Still Offers Incentives for Accelerating Pension Funding |
| Defined benefit (DB) plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do so, and doing so in the future will still be a benefit. However, the benefits of accelerated funding will be lost if plan sponsors do not employ strategies to lock in their gains.Read more > |
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| Products, Deals and People |
| RBC Offers Guide to Retirement Health Cost Planning |
| Because most Americans are unprepared for health care costs in retirement, RBC Wealth Management—U.S. has issued a guide to help them, titled, Taking Control of Health Care in Retirement.Read more > |
