The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than 3%, a Plan Sponsor Council of America survey found.
Tag: retirement plan design
Research published by NTSA also finds a 203% increase in average contribution rates among plans providing access to 15 or more providers compared to plans with only one provider.
The Standard recommends automatic plan features as well as managed accounts.
New Wells Fargo plan health research shows “high influence” plans do not all look the same, nor are they just the most generous plans in terms of the matching formula.
Willis Towers Watson believes plan-wide statistics on mean or median participation rates, balances or contribution rates measure aggregate data on all participants but offer little in the way of insight into retirement adequacy and meaningful benchmarks for individuals or segments of the population.
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says.
An aging population seems to be the greatest challenge facing the retirement systems of developed nations; Japan, where 27% of people are already over the age of 65, is a bellwether for what the rest of the developed world can expect in the coming decades.
TIAA supports offering lifetime income options and makes other plan administrative and design suggestions to alleviate plan sponsors’ concerns about their employees’ retirement outlook.
Most retirement plan participants would like savings and investing guidance, a survey finds.
Creative and cost-efficient strategies to motivate employees at small companies to engage in their retirement plan.
Retirement plan sponsors have access to a plethora of data that can help them in making plan design and participant education decisions.
Retirement plan sponsors have a fiduciary duty to help plan participants who terminate or retire and provide them the tools they need to best protect their assets.
Drew Carrington and Michael Knowling review the 8 most talked about retirement industry topics.
The state of South Dakota has experienced good results since implementing automatic enrollment and automatic deferral escalation in its 457(b) plan.
John Hancock has begun using predictive analytics to address defined contribution (DC) plan participant behaviors that could hurt their outcomes.