| | Benefits & Administration | | Small and mid-sized employers surveyed by the Pew Charitable Trusts most often cited expense, limited administrative resources, and lack of employee interest as main reasons for not offering retirement plans. When asked about individual retirement account (IRA) plans funded entirely by employees that use automatic enrollment and pre-determined deductions from their pay, employers without plans were either somewhat or strongly supportive of the concept. But auto-IRAs run by governments are not favored.Read more > | | The estimated aggregate funding level of pension plans sponsored by S&P 1500 companies as of December 31, 2016, returned to the same level, 82%, as it was as of December 31, 2015, according to Mercer. Throughout most of 2016, rates and funded status remained lower than in 2015, but by the end of the year, funded status improved to the same level, Mercer notes. Several firms note that the year-end market rally helped reverse a downward trend for pension funding in 2016.Read more > |
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