Benefits |
How Employers Can Afford to Fund Auto-Features
Principal and other industry sources suggest looking both within and beyond the retirement plan budget.
Tag: automatic escalation
SECURE 2.0 Delivers a Mixed Bag to the 403(b) Arena
More than two years after passage of the SECURE 2.0 Act of 2022, advisers are beginning to see the effects...
Vanguard: Modern Plan Designs Strengthen Participant Saving
According to Vanguard’s latest ‘How America Saves’ report, a record 45% of 401(k) plan participants increased their saving rates in...
Benefits |
Are Auto Features Falling Short of Expectations?
A new academic paper found that automatic features, while a net positive, are not producing the long-term wealth formation some...
Benefits |
With Limited Resources, Managing 403(b) Plans in Higher Ed Brings Unique Challenges
As higher education plan sponsors often work with small benefits staffs and oversee diverse pools of employees, administering a retirement...
Benefits |
403(b) Participation Rates Reach Record Highs, but Savings Results ‘Still Not Great’
For 403(b) plan sponsors, automatic enrollment helps employees build retirement security, but participation is only half the task facing many,...
IRS Grab Bag Notice Provides Guidance on Several SECURE 2.0 Items
Regulator offers clarification on automatic features, start-up credits and Roth employer contributions.
Benefits |
Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On
Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Examining the Effects of Changes to UK Auto-Enrollment
A study examined what would happen if the minimum earning threshold for UK auto-enrollment was removed, identifying positive and negative...
Auto Default Contributions Hit High of 4.1% Among Fidelity Participants
The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.
How Website Design, Higher Default Rates Can Improve Participant Engagement
Reframing wording for employee contributions and presenting higher default savings options are effective strategies, according to Voya research.
Higher Default Auto-Escalation Rates Could Mean Fewer Opt-Outs, Voya Study Shows
401(k) plan sponsors could increase their default escalation increment to 2% to boost employee savings, according to research by Voya.
Benefits |
Companies Offer Immediate Eligibility for Retirement Deferrals to Attract Workers
A Vanguard Group research paper quantified employer retirement plan design trends over the last 10 years.
Does the SECURE 2.0 Act Make 403(b) Plans More Like 401(k) Plans?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
With SECURE 2.0 Through The Senate, Retirement Experts Widely Endorse House Approval
Legislation gets wide acclaim as a positive reform in the retirement sector as passage hinges on House vote.
Plan Progress Webinar: Elements to Help Participants Prepare for Retirement
Auto-escalation can help participants save sufficiently to create a reliable stream of income in retirement.
Vanguard Report Underscores the Power of Automatic Enrollment
Over time, 90% of participants who are automatically enrolled in their retirement plan increase their deferral rates, either through automatic...
Help for Employees Falling Behind on Retirement Savings
Educating employees about the power of time on their savings, encouraging them to log into their retirement plan accounts and...
Plan Sponsors Making Plan Changes to Help Employees Save More
They are turning to plan advisers for help with making plan design and investment changes.
Sponsors of Fully Automated Retirement Plans Feel They Are Reaching Goals
Seventy percent think their approach will help employees retire at their targeted retirement age, compared to only 43% of plan...