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week ending March 20th, 2020
The originally planned theme for this edition of PLANSPONSOR Weekend was “financial wellness.” And certainly, in this trying time, focusing on employees’ financial wellness is a necessary and recommended action for plan sponsors. However, with unprecedented market volatility, we now focus on lessons we have learned from past bouts of volatility. What are the implications—and opportunities—for plan participants in each demographic and for sponsors of both defined benefit (DB) and defined contribution (DC) plans? What messages should plan sponsors relay to participants during this time? And what lessons can we learn about the importance of retirement income solutions, such as annuities? We hope you find the articles highlighted in this edition of PLANSPONSOR Weekend helpful now and in the coming weeks.
Editor's Choice
Investing
The Effect of Market Volatility on Millennials’ Retirement Savings
Millennials need to understand their longer investing time horizon allows them to handle more market risk and even provides certain opportunities for saving for retirement.
Investing
Gen Xers Need a New Focus for Saving and Investing Amid Market Volatility
How the middle generation can protect retirement assets, even with the consequences of market volatility.
Investing
What Baby Boomers Can Do When Market Volatility Hits Near Retirement
Experts weigh in on how to balance a near retirement future with instability in the market.
Investing
Fidelity Shares Lessons for Enduring Market Volatility
Baby Boomers’ average 401(k) account balance in June 2007 was $115,000, but those who continued to contribute to their account saw that balance grow to $315,000 as of this past June.
Administration
How Plan Sponsors Should React to Market Volatility
Dean Aloise with Xerox HR Services shares actions DB and DC plan sponsors should take due to the recent market swings.
Investing
Market Volatility a Good Time to Remind Participants About the Fundamentals
Data from the Alight Solutions 401(k) Index already shows retirement plan participants are reacting poorly to this latest round of stock market volatility, with trading activity described by researchers as “exceptionally high” over recent days.
Popular Reads
Participants
What Participants Want From Employers’ Retirement Plan Websites
A recent study found 81% of participants have logged into their accounts, with most signing in to check account balances or review investment options.
Research
2021 Recordkeeping Survey
Ask the Experts
Allowing for After-Tax Contributions in a 401(a) Plan
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Inside Angle
DOL’s Next Moves
What’s in store for the rest of the year?
Deals and People
Retirement Industry People Moves
Northern Trust announces hiring of new CIO; Morgan Stanley partners with Empower; and IRIC appoints executive director.
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