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DC Plan Design

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
BY Nevin E. Adams, JD | 7/19/2016
It’s hard to believe, but the Pension Protection Act of 2006 will be a decade old next month. And it’s probably done more good for the nation’s retirement security than most realize.The PPA drew its... Read More
BY NAPA Net Staff | 7/18/2016
A recent report by the Defined Contribution Institutional Investment Association (DCIIA) highlights four myths about automatic enrollment.Myth 1: A 3% default is common, so it must be good.DCIIA... Read More
BY NAPA Net Staff | 7/6/2016
Today’s plan advisors have a huge opportunity to rethink the design of the corporate sponsored retirement plan in a way that will work in parallel with many companies’ financial wellness goals, says... Read More
BY Andrew Remo | 6/22/2016
The Senate Special Committee on Aging held a hearing on June 15 to examine ways to leverage prizes and technology to influence savings behavior. The hearing featured testimony from Catherine... Read More
BY NAPA Net Staff | 5/24/2016
The impact of the Department of Labor’s May 18 rule revising the federal overtime rules may not be confined to HR and payroll — retirement plan administrators and service providers may be affected as... Read More
BY Fred Barstein | 5/20/2016
One of the key elements of the so-called “ideal” DC plan, along with auto-enrollment and auto-escalation, is the stretch match. A relativity new concept, very few plan sponsors are using it — which... Read More
BY Nevin E. Adams, JD | 2/19/2016
A new survey asks what appears to be a rhetorical question.The report, a 2016 Defined Contribution Outlook from SEI based on survey responses of 231 executives representing plans in a wide range of... Read More
BY Nevin E. Adams, JD | 2/16/2016
For all the good press and positive results that automatic enrollment gets, one might well expect that every plan would embrace it. And yet today, nearly a decade after the passage of the Pension... Read More
BY NAPA Net Staff | 2/10/2016
A second lawsuit over a patent on the concept of auto enrollment, as well as contribution acceleration and defaulting into target-date funds, has come to a screeching halt. The lawsuit claimed that... Read More

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