Ever wonder why automatic enrollment isn’t “automatic” with some plan sponsors, why others have qualms about QDIAs, and still others resist re-enrollment?A new survey by JP Morgan Asset Management suggests a number of potential factors that may be hindering a more rapid adoption of plan innovations... READ MORE

The Department of Labor’s Employee Benefit Security Administration (EBSA) announced June 16 that it will hold public hearings on its fiduciary proposal on Aug. 10, 11 and 12 — and 13, if necessary. The hearing will be held in the César E. Chávez Memorial Auditorium at the DOL, Frances Perkins... READ MORE

While different households handle their finances in different ways, there is a pattern associated with whether a member of the household participates in a defined contribution plan.According to Spectrem’s latest Defined Contribution Market Insights report, "Financial Attitudes and Concerns of... READ MORE

In its current form, the Labor Department’s fiduciary reproposal would “lock out” American small businesses from retirement plans, a new report says.The paper notes that small business owners, through SEP and SIMPLE-type IRA plans, provide roughly $472 billion in retirement savings for more than 9... READ MORE

Last year, four-in-ten contribution dollars were directed to target-date funds, according to a new report.Eighty-eight percent of plan sponsors recordkept by Vanguard offered target-date funds at year-end 2014, and nearly two-thirds (64%) of all participants use them. In fact, 60% even use them the... READ MORE

Retirement may be a long ways off for them, but Millennials are more stressed about it than other generational groups — and counting on assistance from loved ones if they do need financial help.In fact, more than four in 10 (43%) Millennials who participated in a recent study say they are counting... READ MORE

The Department of Labor intends to finalize its re-proposed rule defining a fiduciary in May of next year, Groom Law Group Chairman Steve Saxon said on June 8. Saxon made his remarks at the SPARK Institute’s annual conference in Washington, D.C. That timing is fueled by political considerations.... READ MORE

MassMutual is launching a employee benefits guidance tool to help Americans make decisions about their financial needs, including health care coverage, insurance protection and retirement savings, based on their personal financial situations.The MapMyBenefits tool provides personalized guidance to... READ MORE

Bipartisan legislation introduced in the U.S. House of Representatives June 4 would automatically opt participants into electronic delivery of documents.Representatives Jared Polis (D-Colo.), Phil Roe, MD (R-Tenn.), Ron Kind (D-Wisc.) and Mike Kelly (R-Penn.) last week introduced the Receiving... READ MORE