A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.
Tag: Defined Contribution
Among plans with both automatic enrollment and escalation, 70% have participants saving 10% of more.
T. Rowe Price Names Senior DC Specialist; Vanguard Rotates Portfolio Managers; American Century Preps for Major ETF Business Launch; and more.
The idea is relatively simple: workers who do not yet have emergency savings will be directed to first fund a short-term savings account reserved for emergencies, before funding their retirement account.
ICI also reports DC plan participants remained committed to investments and contributions.
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
The firm has appointed a director of bilingual employee education, tasked with delivering more culturally diverse education strategies and collateral to plan participants.
Voya Financial says plan sponsors should not be intimidated about raising default savings rates.
A collaborative survey between the U.S., Britain and Australia shows working-age employees struggle with retirement planning and saving.
But when they work with an adviser, they understand the importance of more aggressive investing.
The list of regulatory and legislative challenges affecting employers and their retirement plan consultants can seem endless, and when linked to the increasing litigation from the plaintiffs’ bar, it can seem impossible to reach a point of certainty.
Thirty-six percent of business owners who currently do not offer a retirement plan say expected revenue increases in the next year or two will prompt them to offer one.
The uncertainty over the fiduciary rule and increased participant litigation are prompting sponsors to move to lower-cost investment options.
Single people are saving less and more worried about being secure in retirement than their married counterparts, a survey finds.
The complaint states that Gucci America was “particularly egregious” in regards to offering proprietary funds from its service provider Transamerica.
Willis Towers Watson makes the case for white label funds in a new paper.
The Callan DC Index also shows nearly three-fourths of DC plan account balance growth has been due to investment performance.
The majority of outflows from retirement plan participant accounts came from U.S. equities and company stock, despite powerful stock market returns for the year thus far.
Readers of a new publication from Research and Markets are taken step by step through ERISA regulations to help ensure that their plans are properly structured, qualified and implemented.
In addition to saving more and working later, researchers from State Street Global Advisors suggest policy changes that could improve retirement readiness for younger workers and late savers.