Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 26th, 2015
Benefits & Administration
401(k) Outflows from Retirements Can Be Offset
Because of the 77 million Baby Boomers between the ages of 69 and 51 who are now beginning to retire, distributions from 401(k) plans will outpace contributions in 2016, according to Cerulli Associates of Boston. “As the number of retirees increases, the 401(k) market outflows will increase,” says Bing Waldert, a director at Cerulli. Despite these outflows, Cerulli expects the 401(k) industry to sustain an annual growth rate of 5% over the next decade due to strong market returns. That said, sponsors, with the help of their advisers, still need to encourage greater savings in 401(k) plans among active participants, adds Saan Duggal, research analyst at Cerulli.Read more >
Products, Deals & People
Fiduciary Plan Advisors (FPA) has entered into a strategic partnership with InHub, the creator of Web-based RFP technology. The partnership allows Fiduciary Plan Advisors to offer their current request for proposal (RFP) consulting services online so that committee members of the adviser’s defined contribution, pension, health care and endowment clients can take part in an online RFP process.Read more >
Industry Voices
Industry Voice: Managed Account Demand on the Rise
Some common questions employers frequently ask are, “How do I set my employees on the right path to retirement?” and “What workplace resources can I provide them so that they’re retirement ready?” These seemingly simple questions quickly turn complex when you take into account employees’ many behaviors and investing styles—including some workers’ preference to manage their own money while others want a professional to handle the investing.Read more >