Employees Rely on Employers for Financial Advice
Working with recordkeepers that offer financial wellness programs can help a market of plan participants underserved by individual retirement advisers.
Administration
Risk Transfer Floodgates Hold, For Now
Even with the documented acceleration of de-risking activity, Tom McCartan at PGIM Fixed Income notes that less than 1% of U.S. private pension plan assets and liabilities have...
Actionable Steps Engage Employees in Financial Wellness Programs
Meredith Ryan Reid, with MetLife, says the human element is also really important.
Largest DB Plan Sponsors Adjust Policies to Manage Risks
The latest report from Russell Investments shows the largest defined benefit (DB) plan sponsors have shifted more to fixed income investments and increased contributions as they continue to...
Contributions and Asset Returns Give State Pensions a Positive 2018
Wilshire Consulting also reports significant changes to state pensions’ allocations to equity and real assets over the past decade.
Retirement Plan Sponsors’ Interest in Retirement Income Is on the Rise
401(k) consultants and advisers offer insight on the sentiments they are seeing from plan sponsors and make suggestions.
Retirement Plan Cybersecurity Disclosure to Make Everyone Satisfied
Retirement plan sponsors want to know their service providers are taking steps to protect participant data, but providers are concerned about releasing confidential information.
Planning for a 40-Year Retirement Is Possible
A survey from AIG Life & Retirement found many people want to live to 100, but are concerned about their assets lasting that long; Robert Scheinerman, with AIG...
What Plan Sponsors Can Expect from Principal’s Wells Fargo Acquisition
Talking about the decision to acquire the sizable retirement plan business of Wells Fargo, Principal Financial Group’s Renee Schaaf says it’s all about scale and doubling down on...
Pension Funded Status Down in March but Up for Q1 2019
Lower discount rates increased liabilities in March, but companies that monitor defined benefit (DB) plan funded status estimate a 1% to 2% increase in the first quarter.
401(k)s Have Made Significant Progress in Improving Participant Outcomes
In honor of National Employee Benefits Day, Jason Grantz, with Unified Trust, discusses the progress made in the 401(k) industry and the future focus.
MainePERS Has Some Suggestions for Struggling Public Pensions
The plan’s history offers a case study for how to turn around a troubled public pension system after years of neglect; the system at one point was no...
ESOPs As a Retirement, and Succession, Plan
ESOPs can help employees amass greater retirement benefits, as well as help business owners keep control in planning for the succession of their business.
IFEBP Offers Tips for Using Behavioral Finance to Boost Retirement Savings Actions
Stressing what can be lost or gained, peer reviews and comparisons and certain plan design features are among the suggestions offered by the International Foundation of Employee Benefit...
Gap Between Workplace and Retail Retirement Advice Can Be Narrowed
A study finds retail retirement planning advice often offers more information to retirement plan participants, but retirement plan sponsors can increase their offerings to narrow the gap.
DB Plans See Funded Status Gains of Up to 2% in February
Firms that monitor defined benefit (DB) plan funded status attribute the increase to strong equity market performance.
Stretch Match Could Lead to Lower DC Plan Deferral Rates
Analyzing a group of plans, pairing certain plans with others that had match formulas that mimic or simulate the stretched match strategy, Vanguard found the former had participation...
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 their retirement plans.
DC Plan Averages Don’t Tell the Whole Story
It’s important to know how different employee groups are benefitting from a defined contribution (DC) plan so unique issues can be addressed.
Ensuring a Clean Recordkeeper Conversion
There are steps retirement plan sponsors can take before converting to a new recordkeeper to minimize any “clean up” afterwards; however, there is always follow up to do.