Michael Giardina

Michael Giardina

Senior Editor

DC plans need tweaks, not wholesale changes: report

Employer-sponsored defined contribution plans – the fundamental core of retirement funds for about 80% of the full-time workers in the nation – need some alterations that will help boost plan participation among the part-time workforce and smaller employers, as well as offer better ways for workers and employers to contribute, according to a white paper released last week.

BlackRock: DC sponsors can provide retirement income via new product lineup

The “retirement crisis” facing America, a phrase coincidentally coined by BlackRock CEO Larry Fink, is a growing concern for defined contribution plan sponsors looking to provide a continued source of income to current and future retirees. As a direct result, the New York-based asset management shop said Wednesday that its CoRI Indexes can help to alleviate participants’ fears of running out of money.

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