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| Benefits & Administration |
| Pension ‘Hibernation’ Can Be a Bridge to PRT |
| Pension risk transfer (PRT) remains a huge
challenge for many plan sponsors. Even when plans are fully funded, the sponsor
will typically have to pay a substantial premium to the insurer taking on the
pension benefit risk. Jim Gannon, managing director of asset allocation and
risk management for Russell Investments, says “hibernation” can offer a
reasonable path forward when risk transfer is desired but still not within reach.Read more > |
| Though they may face headwinds from health and
other factors, middle-income Boomers want to work in retirement and report high
levels of satisfaction when they do, according to “New Expectations, New
Rewards: Work in Retirement for Middle-Income Boomers,” a study by Bankers Life
Center for a Secure Retirement (CSR). Nearly half of non-working, retired
American Baby Boomers (48%) would like to work, but can’t. The reasons
vary—their own health, or the health of a loved one, or they can’t find a job.Read more > |
| Intuitive Design Boosts 401(k) Wellness Scores |
| Automation, mobility and advice are
strengthening employee participation in workplace benefit plans, according to
the 2015 Bank of America Merrill Lynch 401(k) Wellness Scorecard, with nearly
two-thirds more Millennials participating in a 401(k) plan in 2014 than in the
previous year. The previous scorecard showed an energized attitude about
saving, particularly among Millennials, and a rise in the use of mobile access,
automatic features in 401(k) plans and more personalized advice.Read more > |
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| Products, Deals & People |
| BB&T Retirement and Institutional Services
launched a new rollover servicing platform to expand distribution and rollover
services for retirement plan participants.Read more > |
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| Sponsored message from Vanguard |
Maximizing the match in DC plans
In this new research note, Vanguard examines the effect of plan design on participants’ decision to maximize employer matching contributions.Read more > |
