Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 20th, 2015
Benefits & Administration
Younger Workers Lack Feeling of Control over Retirement
Nearly half of Americans younger than 30 (49%) do not feel in control of determining their retirement date, according to the latest COUNTRY Financial Security Index survey. Among this group, nearly one-third (31%) say that their retirement date is “not at all” in their control. Reaching a savings goal is the number one concern Americans have regarding their ability to retire, especially among those younger than 30.Read more >
Should Employees Add an IRA to Savings Mix?
“Americans may be unaware of the benefits of having both an IRA and a 401(k) or 403(b),” a research report says. “Of respondents who said they would not consider contributing to an IRA, 28% said they would not consider it because they already have a 401(k) or a 403(b) and don’t need an IRA.” TIAA-CREF says its IRA survey results point to an important opportunity for retirement plan sponsors and advisers to impart better knowledge about the benefits of tax-advantaged savings, whatever the form of the account.Read more >
Products, Deals & People
Keeley Asset Management appointed Mark Sullivan to the newly created position of head of institutional business development and consultant relations. Based in Chicago, Sullivan’s responsibilities include expanding the firm’s existing institutional business, with an emphasis on creating and maintaining relationships with both consultants and plan sponsors.Read more >
Consulting Firm Offers PSCA Fiduciary Training
Blue Prairie Group is partnering with the Plan Sponsor Council of America (PSCA) to provide an online fiduciary training program for clients affected by the Employee Retirement Income Security Act (ERISA). PSCA’s online fiduciary training program provides a certificate of completion for fiduciaries who complete a series of modules and pass corresponding tests.Read more >
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