| | Benefits & Administration | | Participants Say DC Plans Fall Short in Key Areas | | Forty-five percent of participants believe their defined contribution (DC) plans will not help them meet their retirement goals, according to a Prudential Retirement survey. Their plans most often fall short, participants say, in protecting them from financial market volatility, in helping them choose the right investments, and in maximizing their investments’ growth potential. Many participants also give their plans less-than-stellar marks for their ability to help them secure an adequate income source once they retire, understand how much they need to save for a secure retirement, or monitor and understand their progress toward their retirement savings goals.Read more > | | Women Need More Savings for a Dignified Retirement | | An analysis of 3.5 million participants by Aon Hewitt found 83% of women are not saving enough for retirement, compared to 74% of men. Aon Hewitt projects that women will need 11.5 times their final pay to be able to live a dignified retirement, compared to 10.6 times final pay for men.Read more > |
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