There are a variety of reasons a plan sponsor may choose to make a managed account solution available to participants, but there are several factors to consider when determining if they are right for... Read More
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DC Plan Design
BY Ted Godbout | 4/28/2020
A new study finds that a significant percentage of plan sponsors have embraced the use of automatic plan design features, but adoption may have “plateaued” to some degree.
First fielded in... Read More
BY Nevin E. Adams, JD | 1/6/2020
A recent survey by the Plan Sponsor Council of America suggests that some plan design feature adoption rates may have plateaued. What’s been your experience?
PSCA’s 62nd Annual Survey of Profit... Read More
BY Ted Godbout | 1/2/2020
The “economic sway” of Millennials – now the largest segment of the workforce – creates an opportunity for plan sponsors and advisors to influence their saving success, according to a recent post by... Read More
BY Ted Godbout | 12/5/2019
With longer life expectancies and workforce participation rates pushing past age 65, Americans’ notion of “normal retirement” is changing, according to a biennial survey.
The 2019 edition of... Read More
BY Nevin E. Adams, JD | 11/26/2019
Thanksgiving has been called a “uniquely American” holiday, and while that may be something of an overstatement, it is unquestionably a special holiday, and one on which it seems appropriate to... Read More
BY Ted Godbout | 11/5/2019
Most participants tend to be under financial stress when taking a loan from their 401(k), so the thought of repaying it becomes an afterthought that later adds to their stress, according to a new... Read More
BY Ted Godbout | 8/19/2019
A recent report contends that changes enacted under the Bipartisan Budget Act (BBA) of 2018 have led to a noticeable jump in withdrawals.
The white paper from Fidelity Investments – “... Read More
BY Ted Godbout | 8/16/2019
Whether considered as a standalone policy initiative or in tandem with other legislation, implementation of auto-portability could reduce overall retirement savings deficits by hundreds of billions... Read More
BY Ted Godbout | 7/19/2019
New research shows that small business plan participants are benefiting from enhanced plan design features, but some findings suggest that more can be done.
Vanguard’s sixth annual “How... Read More
BY Ted Godbout | 7/15/2019
Most DC plan sponsors feel a high level of responsibility for participants’ financial wellness, but a new survey finds that many are not taking proactive measures to position them for success. ... Read More
BY John Iekel | 7/9/2019
A recent analysis questions whether Savings Incentive Match Plan for Employees (SIMPLE) IRAs really are as uncomplicated as they are purported to be.
In “When SIMPLE Is Not Simple, and Is... Read More
BY Ted Godbout | 6/27/2019
Since the end of last year, total U.S. retirement assets were up 7.4%, reaching $29.1 trillion at the end of the first quarter for 2019, according to new data by the Investment Company Institute.... Read More
BY Nevin E. Adams, JD | 6/18/2019
A recent headline screamed that 401(k) savings rates have “stagnated” – but that’s missing the point.
“Stagnated” in this case apparently means that the average savings rate in 2018 — both... Read More
BY John Iekel | 4/9/2019
The digital age means more than just a universe of information in the palms of our hands. It also means that plans and those who serve them have powerful new tools to facilitate and drive retirement... Read More
BY Nevin E. Adams, JD | 3/26/2019
Ever since passage of the Economic Growth Tax Relief and Recovery Act of 2001 (EGTRRA), individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions – as... Read More
BY Nevin E. Adams, JD | 3/11/2019
While the so-called “stretch” match has been touted as a mechanism to encourage higher savings rates with no additional cost to the employer, a recent study suggests it has its limits. What’s been... Read More
BY John Iekel | 3/6/2019
Some plan sponsors and administrators “stretch the match” as a way to increase participants’ contributions to their retirement savings accounts. Does the strategy work? A recently released study... Read More
BY Nevin E. Adams, JD | 2/12/2019
As Valentine’s Day approaches, you have perhaps seen those increasingly ubiquitous advertisements for a certain online florist.
Now, I’ve used that particular service on many an occasion over the... Read More
BY Ted Godbout | 2/5/2019
Data unearthed from tracking the most common questions employees have about 401(k) plans suggests that the complex nature of such accounts are a bigger barrier to saving than experts realize,... Read More
BY Ted Godbout | 12/12/2018
Employees increasingly are looking to their employers for help with managing their student loan debt, but there are several issues employers should consider in advance, according to industry experts.... Read More
BY Ted Godbout | 11/26/2018
Effective 401(k) plan design features like auto-enrollment and auto-escalation have been shown to increase participation, boost deferral rates and improve investment diversification, but they can... Read More
BY Ted Godbout | 11/13/2018
Mere days after publishing a request for comments on a proposed exemption, the Department of Labor has now issued an advisory opinion (AO) regarding a specific auto portability program.The DOL... Read More
BY John Iekel | 10/29/2018
Just because you can doesn’t mean you should — a premise at the heart of an Oct. 24 session at the 2018 ASPPA Annual Conference that argued for caution in plan design changes, including student loan... Read More
BY Ted Godbout | 9/11/2018
House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the details of his tax reform 2.0 legislation, and it includes significant retirement savings changes, including multiple... Read More
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