| | Benefits & Administration | | Participants Say More Information About Plan Investment Fees Would Be Useful | | In its first report on retirement plan investment fees, The Pew Charitable Trust says it found nearly seven in 10 survey respondents in employer-sponsored retirement plans said they were at least somewhat familiar with their plan’s fees, while 31% were not at all familiar with the fees. Roughly two-thirds had not read any investment fee disclosure in the previous year. Even among those who said they were very familiar with their fees, 33% hadn’t read any fee disclosures in the past year. Roughly four in five participants said it would be at least somewhat useful to have additional information about investment fees.Read more > | | Being Ill-Prepared for Retirement a Stressor for Americans | | Health care, retirement savings and student loans are the top causes of investor’s financial anxiety, according to a survey by Rubicoin, a digital investment platform provider. Among all investors, mounting health care expenses and bills (23.5%) and a lack of retirement savings (22.6%) are the two biggest contributors of financial anxiousness. For Millennials, student loan debt, credit cards and health care expenses all measured equally as causes for “extreme” amounts of financial stress.Read more > |
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