(b)lines Ask the Experts – Auto-Enrollment in Church Plans Where States Require Consent
“We are a church 403(b) plan sponsor, whose headquarters is in a state that requires consent of the employee prior...
Tag: automatic enrollment
Many Worry More About Retirement Savings Than Monthly Expenses
Only 33% of Americans are comfortable with their retirement readiness level.
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Most Participants Welcome Retirement Savings Help From Plan Sponsors
Many participants see the match percentage as a suggestion for how much to save; the majority of participants support automatic...
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of...
Few Sponsors Very Confident in Workers’ Retirement Security
A survey finds many small employers do not offer employees a retirement plan, and few employers that offer retirement plans...
Plan Sponsors Stepping Up Their Auto Enrollment Game
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...
Automatic Features in Retirement Plans Boost Retirement Confidence
Most retirement plan participants would like savings and investing guidance, a survey finds.
Plan Sponsors Changing Plan Designs, Investments to Improve Participant Retirement Outcomes
Preparing participants financially to be able to retire beat out reducing plan costs as plan sponsors' top concern in this...
TIAA Finds Retirement Plan Leakage Offsets Automatic Enrollment Benefits
While automatic enrollment generates positive effects, a report argues how these results are counterweighed by pre-retirement withdrawals.
Simpler Retirement Plan Communications Make No Difference in Employee Decisions
In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler,...
Millennials Benefiting from PPA
They are on track to replace 75% of their income, compared to 64% for Americans overall.
Plan Designs, Market Rates Lead to Improved DC Plan Metrics in 2017
“We continue to see the significant impact plan design and financial wellness programs have on participant behavior, as evidenced by...
Vanguard: Mistakes Remain, But Participants Are Better Users of TDFs
When constructing their own retirement portfolio, about 10% of participants still hold extreme allocations—either 0% or 100% equities.
Increased Savings Rates and Auto Escalation Can Boost Retirement Income
Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income...
Consultants Support Retiree-Focused Investment Options
DC plan consultants surveyed by PIMCO offer suggestions for helping retirees with income, core investment menu design and other DC...
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DCIIA Policy Priorities Take Aim at the DC Plan Coverage Gap
Peg Knox, chief operating officer of DCIIA, points to both the coverage gap and retirement income adequacy as being top...
Benefits |
Study Supports Use of Auto Features in Public-Sector 457 Plans
The state of South Dakota has experienced good results since implementing automatic enrollment and automatic deferral escalation in its 457(b)...
Sponsors Using TDFs, Auto Enroll to Boost Savings
Employer contributions and loans are also prevalent, a Brightscope/ICI report says.
Different Nudging Required for Auto Enrollment Plans Than Opt-In Plans
Defaults have a powerful effect on retirement savings behavior, according to the TIAA Institute.