Retirement

Three plan sponsors share their inventive – and sometimes controversial – strategies for getting employees more deeply involved in retirement savings.

More than a third of DC plan sponsors are unaware of their fiduciary responsibilities, and some are also confused about what qualifies as a QDIA.

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.