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| Webcast Event |
| Join us tomorrow for the webcast, “Using Employee Data to Select an Optimal Default: Where Can Managed Accounts Fit?”Read more > |
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| Benefit and Administration |
| Plan Distribution Behavior Dictated By Plan Design |
| Because individuals’ financial needs in retirement can vary over time and from one person to another, it is crucially important that a defined contribution (DC) plan offer an array of retirement income and distribution options, according to the latest research from the Defined Contribution Institutional Investment Association (DCIIA). According to “Design Matters: Plan Distribution Options,” DC plan sponsors are increasingly concerned about effectively providing participants with the retirement income flexibility they need and want after separation from active service. However, they face uncertainty about what are the best approaches.Read more > |
| Financial Wellness Education Key to Participants’ Trust in Retirement Plan Providers |
| Americans who participate in 401(k) plans are increasingly more trusting of the financial firms they rely on to manage their retirement savings, according to the National Association of Retirement Plan Participants (NARPP) 2018 Participant Trust and Engagement study, which tracks the attitudes and behaviors of 4,500 retirement plan participants from across the country. The study shows that higher levels of trust lead to better financial decision-making which includes higher rates of savings, increased commitment to savings, and increased loyalty to providers.Read more > |
