Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 14th, 2018
Benefits & Administration
Even the Most Reliable Data Suggests Households Will Fall Short of Retirement Income Goals
Looking at the various sources of households’ estimated retirement income, the Center for Retirement Research at Boston College found that even the one it felt was most reliable shows roughly half of households are likely to fall short of a target replacement rate of 75%.Read more >
Study Finds Link Between Lower Participation and Fewer Choices in K-12 403(b) Plans
A decrease in investment choice and reduced access to advisers leads to lower retirement plan participation by employees in public education 403(b) plans, according to research published by the National Tax-Deferred Savings Association (NTSA). The research, based on data from nearly 4,500 school districts across the United States, found 25% greater participation in plans with 15 or more investment providers compared to plans with only one provider, and there is a 203% increase in average contribution rates among plans providing access to 15 or more providers compared to plans with only one provider.Read more >
Middle Class Workers Report Mixed Financial Feelings
A survey of more than 1,000 Americans, commissioned by CUNA Mutual Group, found few feel prepared for retirement, with only 28% saying they’ll be able to retire with financial confidence in their lifetime. In fact, many seem to be more focused on short-term goals.Read more >
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