Tag: DC plan

Over the past decade, overall, there was a higher percentage of withdrawals among people who terminated employment after reaching age...

In the first three quarters of 2018, only 2.2% of participant stopped contributing to their plans, ICI data shows.

In addition, a majority of those polled by the Investment Company Institute (ICI) oppose changing key features of DC plans.

More than 60% of employers want to keep retirees in their plan, and 33% prefer that terminated employees keep their...

Many Gen Xers and Gen Yers deferred 90% or more of the Internal Revenue Service (IRS) maximum allowance for contributions...

In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler,...

They are on track to replace 75% of their income, compared to 64% for Americans overall.

“We continue to see the significant impact plan design and financial wellness programs have on participant behavior, as evidenced by...

The solution offers participant features and additional customizable features typically enjoyed by larger corporations.

On top of this, more than three in four worry Social Security could be extinct by the time they retire.

Ongoing education makes participants aware of the plan and underscores its value.

Half of retirees say they spend less in retirement than they did in their working years.

"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address...

Together, they supply 40% of retirees’ income.

Empower identified “habits of success” that correlate with higher projected retirement income—saving in a workplace retirement plan, saving at a...

The bill does not impact tax breaks for retirement savings.

The app is a mobile version of MassMutual’s RetireSMART Ready tool, which provides a snapshot of a saver’s retirement readiness...