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...
Tag: automatic escalation
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...
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...
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.
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...
Retirement Plan Design Options Can Help With Individual’s Savings Concerns
The Standard recommends automatic plan features as well as managed accounts.
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.
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...
Plan Sponsors Changing Plan Designs, Investments to Improve Participant Retirement Outcomes
Preparing participants financially to be able to retire beat out reducing plan costs as plan sponsors' top concern in this...
Simpler Retirement Plan Communications Make No Difference in Employee Decisions
In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler,...
Millennials Benefiting from PPA
They are on track to replace 75% of their income, compared to 64% for Americans overall.
Increased Savings Rates and Auto Escalation Can Boost Retirement Income
Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income...
Consultants Support Retiree-Focused Investment Options
DC plan consultants surveyed by PIMCO offer suggestions for helping retirees with income, core investment menu design and other DC...