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DC Plan Design

BY NAPA Net Staff | 8/30/2018
[UPDATED Aug. 31, 4:30 p.m. ET]The retirement industry is all abuzz about President Trump’s appearance in Charlotte tomorrow – and about what might be the subject of that executive order “... Read More
BY Ted Godbout | 8/28/2018
While a majority of employers believe that offering a 401(k) plan is important for attracting and retaining employees, some may be underestimating their significance, according to a new study.The... Read More
BY John Iekel | 8/21/2018
The IRS has said that a 401(k) plan can be amended to include a student loan benefit program.In private letter ruling (PLR) 201833012, dated May 22 and released Aug. 17, the employer in question had... Read More
BY Ted Godbout | 7/16/2018
A new study reveals a number of remarkable developments in plan design trends and participant savings behaviors among small business defined contribution plans.In Vanguard’s fifth annual “How America... Read More
BY John Iekel | 7/5/2018
For younger employees, setting aside money for retirement can take a back seat to the more immediate need to pay off student loan debt — a choice that can have long-term consequences. But at Abbott... Read More
BY John Iekel | 5/11/2018
Plan design can influence and equip plan participants to make better choices regarding distribution, a recently released report concludes.In “Design Matters: Plan Distribution Options,” the Defined... Read More
BY Ted Godbout | 4/13/2018
Enactment of the Retirement Enhancement and Savings Act (RESA) would be an important step in encouraging employers to offer DC plans and to expand access to various retirement savings options,... Read More
BY Nevin E. Adams, JD | 1/30/2018
It has been heartening in recent weeks to see a number of employers announce plans to expand and increase benefit programs, offer bonuses, and increase the employer match. Better still, a recent... Read More
BY Ted Godbout | 12/13/2017
When it comes to saving for retirement, do employees prefer a “slight nudge” from their employers with helping them save? Or do they want a “kick in the pants”?American Century Investments’ fifth... Read More
BY Ted Godbout | 10/31/2017
As plan sponsors gain a better understanding of the role inertia plays in retirement savings, a new survey finds that an increasing percentage are adopting a higher default auto-enrollment savings... Read More
BY Ted Godbout | 9/22/2017
With statistics showing women having a longer life expectancy and a significant retirement savings gap compared to men, incorporating good DC plan design and financial wellness programs can help... Read More
BY Ted Godbout | 8/3/2017
Adoption of simplified features in Bank of America Merrill Lynch’s proprietary DC plans, along with making education and other resources more accessible, has fueled steady growth in employee... Read More
BY Ted Godbout | 8/2/2017
A new report from the Defined Contribution Institutional Investment Association (DCIIA) contends that leveraging auto features, minimizing money out and helping to eliminate barriers to long-term... Read More
BY Ted Godbout | 7/27/2017
As the evolution of DC plans continue, plan sponsors are shifting from a “traditional view” of offering plans as a recruitment and retention tool to focusing more on participant outcomes, according... Read More
BY Nevin E. Adams, JD | 7/25/2017
I recently wrote about what’s wrong with automatic enrollment. Turns out there’s more – and it has to do with when things actually go “wrong” with automatic enrollment.See, it’s one thing to say that... Read More
BY Ted Godbout | 7/18/2017
To help prevent retirement plan cashout leakage when workers change jobs, Sen. Tim Scott (R-SC) and 10 other GOP Senators plan to send a letter today to Labor Secretary Alexander Acosta asking the... Read More
BY Nevin E. Adams, JD | 7/11/2017
Automatic enrollment has long been touted – and proven – to be an effective way to overcome retirement savings inertia in 401(k) plans. But these days automatic enrollment plan design seems to be... Read More
BY Nevin E. Adams, JD | 6/20/2017
I don’t know how it is where you live, but in the Beltway it seems that all anybody can talk about is Roth.More precisely, the talk is about “Rothification,” specifically the elimination of some – or... Read More
BY John Iekel | 6/7/2017
In “Gone with the Wind,” Scarlett O’Hara draws solace from the security of land. She made plenty of questionable choices, but a recent panel discussion on recordkeeping less liquid investments... Read More
BY Nevin E. Adams, JD | 5/9/2017
There are lots of reasons why people get behind in their retirement savings – and one very helpful way that older workers can make up for lost time and catch up.Individuals who are age 50 or over at... Read More
BY Nevin E. Adams, JD | 4/4/2017
These days there’s little controversy about the wisdom of using behavioral finance to help workers start saving – but what about when they change jobs?While “leakage” – loosely defined as a pre-... Read More
BY NAPA Net Staff | 3/6/2017
Workplace retirement plans are often, and rightfully, designed to help workers get to retirement – but why stop there?Today, about 80% of DC participants decide to leave their plan within five years... Read More
BY Nevin E. Adams, JD | 2/7/2017
Inertia is a powerful force in nature, and in human behavior. Even the most proactive and engaged plan designs (and plan designers) can, over time, slide from being in a groove to being in a rut.Here... Read More
BY Nevin E. Adams, JD | 12/13/2016
I can remember as a kid paging through the pages of various Christmas catalogues, earmarking the pages that contained the various things that I hoped Santa Claus (or his emissaries, my parents) would... Read More
BY NAPA Net Staff | 8/22/2016
It is standard practice today to offer a series of TDFs and a fund lineup of single-asset classes in the same plan. But such a structure almost guarantees that the majority of DC investors will fail... Read More