Will employer DC plans finally provide lifetime income?
Facing a difficult math problem of planning for retirement, advocates are exploring a path to lifetime income without traditional annuities.
DC plans
Wells Fargo agrees to sell retirement unit for $1.2 billion
The financial institution agreed to sell a retirement plan services unit to Principal Financial Group as the bank streamlines operations in the wake of scandals.
Retirement bill could prompt flood of new plans from small businesses
Backers say the Secure Act could help the “black hole” of retirement savings — the 50 million Americans without an employer savings plan.
Benefits Think Lump sums vs. life annuities: Leveling the playing field
As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.
Larry Sher
October Three Consulting
Helping clients build a better 401(k)
How state mandated employer-provided retirement plans may pave the path for a national model.
Half of older Americans have nothing in retirement savings
The good news is that this new estimate from the Government Accountability Office is slightly better than prior years.
Benefits Think Lump sums vs. life annuities: Leveling the playing field
As an alternative to placing restrictions on lump sum withdrawals, employers could provide retirees more distribution flexibility.
Larry Sher
October Three Consulting
Number of 401(k), IRA millionaires surge
Retirement balances are on the rise, while auto-enrollment is playing a major role in increasing employees’ retirement savings, Fidelity says.
Benefits Think The next big advancement for the 401(k)
The next step in the ongoing modernization of the retirement vehicle involves adopting plan features which encourage seamless savings portability and consolidation.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Number of 401(k), IRA millionaires surge
Retirement balances are on the rise, while auto-enrollment is playing a major role in increasing employees’ retirement savings, Fidelity says.
Benefits Think The next big advancement for the 401(k)
The next step in the ongoing modernization of the retirement vehicle involves adopting plan features which encourage seamless savings portability and consolidation.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think 8 tough questions to ask your 401(k) investment adviser
Plan sponsors should inquire about their adviser’s compensation, professional credentials and educational background, says retirement expert Robert Lawton.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think The hidden DC plan sponsor priority: Plugging leakage, enabling auto-portability
Employers should concentrate on adopting measures that enable seamless plan-to-plan savings portability for participants, especially for employee accounts with less than $5,000.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think Defined contribution = benefits shopping spree
Advisers will find a powerful tool in communicating enhanced benefits from a defined contribution perspective that puts employee’s in the driver’s seat.
Eric Silverman
Voluntary Benefits
Benefits Think The hidden DC plan sponsor priority: enabling auto-portability
Employers should concentrate on adopting measures that enable seamless plan-to-plan savings portability for participants, especially for employee accounts with less than $5,000.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think 401(k) best practices: employee education
Plan sponsors should connect with workers by integrating financial wellness concepts, including behavioral finance/economics elements, talking about loans and withdrawals and offering one-on-one meetings.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think 401(k) best practices: employee education
Plan sponsors should connect with workers by integrating financial wellness concepts, including behavioral finance/economics elements, talking about loans and withdrawals and offering one-on-one meetings.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think 401(k) best practices: plan design
Employers should auto-enroll employees, offer health savings accounts and provide financial education online.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think 7 ways plan sponsors can monitor 401(k) fees
Using lowest-cost share classes, performing an annual investment fund review and distributing required fee notices are among best practices.
Robert C. Lawton
Lawton Retirement Plan Consultants
Fidelity, Vanguard fee arrangement causes stir in the 401(k) industry
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
