The majority of retirement plan participants surveyed said they have knowledge about their retirement plan and fees, but while the majority also said they know they need to save at least 10% of their salary, many are not doing so.
The firm says employers and employees will find a wealth of information about fiduciary liability and saving for retirement on its new blog.
Mutual of America and TIAA have announced resources for plan sponsors to educate employees.
A study finds employees with access to employer-sponsored plans are most likely to indicate retirement readiness, and the IALC suggests plan sponsors increase education.
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.
A study suggests that armed with good savings options and understanding of how to use them, Latinas could and would save for retirement.
A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.
Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, says technology can be used immediately to improve retirement plan participation and savings rates.
A survey from NARPP reveals factors that improve participants' trust in their retirement plan providers.