 | Easy AccessAnyone new to administering a retirement plan or to serving on a plan committee—as well as any plan fiduciary who wants to review his role—has access to the perfect collection of learning tools: the various documents, notices and disclosures that comprise the written plan. More than information, each policy and rule, when formally recorded, must be followed, or methodically revised, says the Employee Retirement Income Security Act (ERISA).Read more > |
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| | Benefits & Administration | | Partial and Deferred Annuitization Makes Sense for Many | | A new Employee Benefit Research Institute (EBRI) analysis shows purchases of a deferred income annuity at age 65 (deferring 20 years with no death benefits) result in an overall improvement in retirement readiness when purchasers annuitize 5%, 10%, 15%, and 20% of their 401(k) balance.Read more > | | Distrust in Finance Institutions Can Dampen Auto-Enrollment Success | | Results of a new Pew survey show about four in 10 non-investing individuals who express distrust in their primary financial institution said they would opt out of an automatic retirement plan enrollment.Read more > | | Americans Paint a Rosy Retirement Outlook | | Nearly two-thirds, 65%, of Americans are confident they have saved enough, or will save enough, to retire comfortably, Kiplinger’s Personal Finance learned in a survey. However, 22% are worried about high health care costs in retirement. On average, Americans have saved $327,090 for retirement, saving an average of 13.3% of their annual income. Overall, people are contributing an average of $11,910 to their workplace retirement plans each year.Read more > |
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