What the 403(b) Excessive Fee Lawsuits Do Not Consider
Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.
Tag: Plan Design
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Retirement Loan Eraser Improves Retirement Outcomes
The solution pays off retirement plan loans for participants who face circumstances beyond their control.
401(k)s Challenging the 3% Auto Enrollment Default Rate
However, the average deferral rate for the plans that T. Rowe Price administers is 7%, well below the recommended 15%.
(b)lines Ask the Experts – Beneficiary Rules for Non-ERISA Church Plans
“We are a denominational church plan that has not elected to be covered by the Employee Retirement Income Security Act...
DC Plan Participants Would Appreciate a Savings Nudge
Participants surveyed supported auto enrollment, re-enrollment and auto deferral escalation.
Duke University Employees Sue Over 403(b) Plan
The suit calls out the traditional 403(b) plan model of offering multiple funds, including individual annuities, and using multiple recordkeepers.
Auto-Feature Evolution Post-PPA and Beyond
Automatic plan features popularized by the Pension Protection Act of 2006 have helped to drive major change and, for the...
Using Retirement Plan Design to Address Cognitive Ability
“Taking into account the aging brain to help people make the right decisions at the right time is important,” says...
DOL to Fund Research for Portable Retirement Program
The DOL notes that the program seeks to assist those workers who have traditionally lacked access to an employer-provided retirement...
Even 403(b)s With Multiple Providers Can Improve Plans
Aside from provider consolidation, Rocaton Investment Advisors suggests steps 403(b) plan sponsors can take to improve participant outcomes.
Report Offers Proposals for Improving Retirement Security
The report presents a comprehensive package of bipartisan proposals to address inability to access workplace retirement savings plans; plan leakage;...
Roth Accounts Can Benefit Most Retirement Savers
The optimal asset allocation policy for most retirement savers involves diversifying between traditional pre-tax and Roth after-tax vehicles, research finds.
Public Pensions Provide Retirement Income and Portability
Research finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for...
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Paper Offers Roadmap for Implementing Auto Features
Discussions with plan sponsors also reveal the benefits to plan sponsors of utilizing automatic enrollment and automatic contribution escalation.
NAGDCA Supports Auto Enrollment for State DC Plans
A report notes that DC plans for public-sector employees are no longer just supplemental due to changes in state DB...
IRS Officially Ends Determination Letter Program
There are only three cases for which a retirement plan sponsor with an individually designed plan may request a determination...
Wells Fargo Finds Diversification Has Improved in DC Plans
Younger and less tenured employees are more likely to satisfy the minimum diversification goal.
Many Small Businesses Adopting DC Plan Design Best Practices
One-sixth of small business plans served by Vanguard have adopted automatic enrollment, and most chose to reenroll participants in a...
Participants Say DC Plans Fall Short in Key Areas
Forty-five percent of participants believe their DC plans will not help them meet their retirement goals, according to a Prudential...
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Empower Calls for More Retirement Industry Collaboration on Policy
“Now is the time for the leadership in the retirement industry to be proactive and suggest the policy measures we...