However, changes in the retirement landscape suggest that future retirees will face much more difficulty.
Only half of couples of all ages discuss these important topics
Of this group, 25% said they will increase their company match to the 401(k) plan.
A former office manager of New England Anesthesiologists, Inc. has been sentenced to 37 months in federal prison and to pay restitution to his victims.
They like the tax advantages, investment opportunities and investor control that 401(k)s and other DC plans offer them, ICI finds.
However, at year-end 2015, for example, the ICI says participants in their twenties had 80% of their portfolios invested in equities, while participants in their sixties had 55% in equities.
Part of the very light trading activity can be explained by the prevalence of target-date funds, the largest asset class in the Alight Solutions 401(k) index.
Cerulli Associates suggests that if retirement plan sponsors position managed accounts as a valued service it could alleviate concerns about costs.
Drawing on a number of recent decisions, the district court ruled the plaintiffs did not adequately describe how the offering of a fund in which they did not invest caused a non-speculative injury.
As laid out by a Finhabits report, very few workers save for retirement unless their employer offers them a retirement plan; as a result, only 30% of small-business workers are saving for retirement in the U.S.
A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.
T. Rowe Price Names Senior DC Specialist; Vanguard Rotates Portfolio Managers; American Century Preps for Major ETF Business Launch; and more.
Any large-scale action on retirement reform will require trust, a willingness to take risk and experiment, and a sense of the greater good.
In spite of increased optimism, a new Wells Fargo survey finds a significant portion of workers still say they do not think they will reach their savings targets; many of them cite the challenge of meeting high health care costs while also saving.
Voya Financial says plan sponsors should not be intimidated about raising default savings rates.
The combined services of the firms are being rolled out in response to employers asking for a comprehensive investment strategy that ties health and retirement benefits together.
Choosing passive investments is a clear and simple way to reduce fees; however, choosing the fund with the cheapest expense ratio does not “equate to checking the fiduciary box,” Cerulli warns.
The introduction of Halley software into PlanSource solutions provides human resources teams with a time-saving tool for deducting benefits costs from payroll, among other capabilities.
The tool leverages a 401(k) database to hone in on the often complex fee structure associated with retirement plans.