Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 6th, 2016
Benefits & Administration
State-Run Plans Face Similar Challenges as DC Plans
A report released by The Pew Charitable Trusts, “How States Are Working to Address the Retirement Savings Challenge: An Analysis of State-Sponsored Initiatives to Help Private Sector Workers Save,” examines efforts in 25 states and finds the vast majority of workers would participate in a workplace retirement savings plan if given a chance. However, it found potential problems state-run plans may face, some of which employer-sponsored defined contribution (DC) retirement plans also face.Read more >
In Some Cities, Small-Business Plan Sponsors Are Rare
More than 40% of full-time private sector workers say they still lack access to either a pension or an employer-based retirement savings plan such as a 401(k), new research from the Pew Charitable Trusts shows. Notably, the research report says “metropolitan areas with relatively low rates of access generally have more people working for small employers.”Read more >