Retirement

It is safe to say that Ron Surz is passionate about retirement, particularly when it comes to target-date funds. Surz, president and CEO of San Clemente, Calif.-based Target Date Solutions, believes that too much risk is placed in TDFs, which have become the go-to default investment in many employer-sponsored retirement plans.

Nearly a year and a half after the IRS opened the door to flexible spending account carryovers, 60% of employers report they have amended or are planning to amend their FSA plans to take advantage of the added flexibility.

There are a variety of solutions available that brokers can suggest to clients who are seeking to attract and retain millennials, who often have yet to build financial savings.

The funded status of the 100 largest corporate pensions dropped by $6 billion in March, increasing the deficit to $349 billion, according to the Milliman 100 Pension Funding Index.

For a decade, a new kind of mutual fund has been taking over Americans’ retirement portfolios. The target-date fund is designed for people with no knowledge of investing.

There is a unique opportunity in retiree health benefits, one that brings a potential windfall for advisers willing to embrace the market.

The reality is that monitoring your service providers is an essential component to fulfilling your fiduciary duty as an employer. The tangible tasks that you must take on, such as, reviewing performance and educating participants, are easily executed. The confusion lies in the intangibles.

Financial wellness is the new norm, and employers are more and more jumping on the bandwagon of getting employees better prepared for retirement.

Rep. Joe Crowley, D-NY, vice chair of the Democratic Caucus, unveiled a plan this week that would address the savings and retirement security crisis in America by giving families better ways to save for the future and retire with dignity.

Employee retirement confidences levels have risen to their highest since the recession. And although confidence levels have jumped in recent years, many are still expecting to work further into their retirement years to make up for any unpreparedness.