Set-it-and-forget-it prevails in worker retirement accounts
Although 401(k) plan participation is increasing, employees are not actively managing their accounts.
Financial planning
FINRA chief pans DOL fiduciary proposal
If the DOL's proposal to impose new fiduciary responsibilities on advisers in the retirement space becomes rule, many financial professionals fearing legal liability could abandon that market altogether, and cut off services to low- and middle-income investors, according to FINRA chief Richard Ketchum.
Employers must instill importance of savings to Gen Xers
Suffocating under large loans and with little savings, the majority Gen Xers admit being bogged down with uncertainty when planning for retirement.
3 myths about 529 benefit plans
May 29 is 529 Day, a national observance that acknowledges the importance of the college savings tool, but 66% of Americans still dont understand what 529 plans are.
Retirement-readiness focus of new provider ranking
Trust and education are some of the more favorable characteristics sought in retirement plan providers, as well as key drivers to increasing employee engagement. However, that education is lacking, as most employees have a poor understanding of retirement language.
The silver lining in 401(k) Supreme Court decision
The recent Supreme Court decision in Tibble v. Edison, though largely favorable to plaintiffs, does contain one silver lining for plan sponsors.
Mobile apps keep retirement info top of mind
If your retirement plan provider hasnt yet entered the mobile app market, you could be missing out on an important opportunity to educate your 401(k) plan members.
Employer stock in 401(k) plans down but not out
Employer stock as an investment option in 401(k) accounts is rapidly disappearing but not yet close to extinction.
Lessons retirement plan sponsors can take from Tibble decision
To avoid breach of fiduciary duty claims in the future, retirement plan sponsors need to reexamine the investment policy statement for their 401(k) plans to make sure they are doing enough to make sure workers retirement funds are invested in the lowest fee and best investments possible.
Benefits Think SCOTUS stating the obvious in Tibble ruling
Although legal experts are unanimously proclaiming that SCOTUS' ruling in Tibble will significantly expand 401(k) plan litigation, one expert shares his doubts.
Robert C. Lawton
Lawton Retirement Plan Consultants
Experts: Look to state legislators to spur auto IRA growth
Theres no surprise retirement readiness is a top concern among small employers, with their employees are most at risk a conversation that took center stage when President Barack Obama unveiled the MyRA initiative for employers last year.
SCOTUS decision opens door to more 401(k) lawsuits
The U.S. Supreme Court issued a decision Monday that could have far-reaching implications for how long a retirement plan participant has to sue an employer for breach of fiduciary duty in a 401(k) plan.
Bipartisan bill promotes lifetime income illustrations on retirement plan statements
A bipartisan bill recently introduced in the House and Senate would require employer-sponsored retirement plans to provide participants with an estimate of how much lifetime income they could expect from their current savings.
Weighing the real costs of retirement-age employees
If employees are not well prepared for retirement it should be a major concern for both employees and their employers, experts say.
Voya partners with Nevada employee retirement system
The state of Nevada Public Employees Deferred Compensation Program chose Voya Financial, Inc.s retirement business to serve as its single service provider.
Women need employer help in brightening retirement prospects
When people speak about retirement and security, women often get overlooked, but they are one of the most vulnerable segments of society.
Benefits Think 9 FAQs about fiduciary responsibility
The Department of Labor recently announced a proposed set of regulations about retirement plan fiduciary responsibility. Here are the answers to nine frequently asked questions employers have about their fiduciary duties.
Robert C. Lawton
Lawton Retirement Plan Consultants
Millennials bring new expectations for retirement planning
As a younger generation of investors begins to grapple with retirement planning, advisors and fund companies should take note of the distinct concerns that those millennials bring with them
Workers missing out on billions in unclaimed 401(k) matches
While the majority of employers offer a company match on their 401(k) plan, employees are not taking advantage of the benefit, passing up the chance to potentially receive thousands of dollars every year.
Washington event puts spotlight on retirement woes
Although an important aspect of retirement, Social Security is just the backbone on which defined benefit and defined contribution plans should build upon.