Lessons From the UK’s Retirement Plan Auto Enrollment Requirement
Researchers’ findings suggest “that an equivalent reform in the United States could generate a sizeable increase in retirement plan participation,...
Tag: automatic enrollment
Physical Workers’ Retirement Confidence Not Necessarily Realistic
A report from Aegon discusses retirement planning habits of workers in physically demanding jobs and how plan sponsors can help...
How to Mitigate Participants’ Savings Biases
Experts discuss how plan sponsors can get participants out of retirement savings "ruts" and get them to engage more with...
IRS Requests Comments on Information Collection for 403(b) Plan Auto Enrollment
Among other things, comments are invited on ways to minimize the burden of the collection of information on respondents, including...
Q4 2018 Market Drop Did Not Deter 401(k) Participants
Long-term 401(k) participation, savings and investing trends have also been positive, due in no small part to automatic plan features,...
Distrust in Finance Institutions Can Dampen Auto-Enrollment Success
Results of a new Pew survey show about four in 10 non-investing individuals who express distrust in their primary financial...
Senators Cardin and Portman Offer Another Broad Retirement Reform Bill
Among some 50 other provisions aimed at improving retirement readiness in the U.S., the bill substantially increases the tax credit...
Participant Behaviors Can Inform Better Plan Design
J.P. Morgan makes recommendations for plan design and TDFs based on savings and withdrawal behaviors it analyzed.
401(k) Plan Sponsors Enhancing Plan Design
The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral...
Janus Henderson Outlines Next-Generation Automatic Plan Features
Now that automatic and default features have gained widespread acceptance in DC retirement plans, it may be time to consider...
Strategies for DC Plans to Mitigate Risks in 2019
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in...
More Employers Monitoring Retirement Readiness of Employees
In addition, to help employees reduce their debt stress and maximize their retirement plan savings, more employers are developing financial...
Retirement Plan Design Options Can Help With Individual’s Savings Concerns
The Standard recommends automatic plan features as well as managed accounts.
(b)lines Ask the Experts – Auto-Enrollment in Church Plans Where States Require Consent
“We are a church 403(b) plan sponsor, whose headquarters is in a state that requires consent of the employee prior...
Many Worry More About Retirement Savings Than Monthly Expenses
Only 33% of Americans are comfortable with their retirement readiness level.
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Most Participants Welcome Retirement Savings Help From Plan Sponsors
Many participants see the match percentage as a suggestion for how much to save; the majority of participants support automatic...
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of...
Few Sponsors Very Confident in Workers’ Retirement Security
A survey finds many small employers do not offer employees a retirement plan, and few employers that offer retirement plans...