Benefits Think Automated cash flow management app can aid retirement planning
Increasingly, employers are expanding wellness programs to include financial guidance. But do these programs go far enough?
Retirement education
Senate report calls attention to womens retirement needs
Women over the age of 65 are twice as likely as men to live in poverty in retirement because of lower wages, more time spent out of the workforce and lack of access to retirement savings plans.
Boomers unrealistic about post-retirement work
As the baby boom generation approaches retirement, employers will need to ask themselves what role a highly experienced, part-time workforce can play in their organization.
The door is open for moving pre-65 retirees to public exchanges
Companies are shifting their attention to health coverage for their pre-65 retiree population and exploring the opportunities public exchanges provide this population, now that the Supreme Court has upheld subsides on the federally-facilitated health insurance marketplace.
Longevity the focus of new training program for benefit pros
As the White House kicks off its Conference on Aging this week, one financial services vendor is launching a new education program for its plan sponsor clients focused on creating greater awareness of the nations aging population.
Benefits Think Will transparency help fee disclosures?
Commentary: Delivering fee disclosure notices to both plan sponsors and plan participants has helped some plan sponsors to lower their costs, but the various fee disclosures are still difficult for many to understand. With such a national focus on fees, some plan sponsors have taken the opportunity to review and rethink how they handle plan fees.
John Ludwig
LHD Retirement
10 common fiduciary errors
Failure to identify all retirement plan fiduciaries is just one common mistake employers make that can lead to trouble.
External asset management service vies for DC participant, plan sponsor business
There are more ways for defined contribution plan participants to gain access to professional investment management than by defaulting them into target-date funds or using a separately managed account.
Fiduciary ambiguity is primary concern for advisers
The DOLs proposed definition of fiduciary advice remains worrisomely broad, according to financial and legal experts who are calling upon the industry to flood the DOL with letters of concern about the rules possible implications.
Retirement provider loyalty wanes for plan sponsors
Plan sponsors loyalty to their retirement service providers is slightly down year-over-year, presenting an opportunity for advisers to advocate for their clients.
Benefits Think How to make mandatory distributions more fiduciary friendly
Commentary: The term fiduciary is often hard to define and can be interpreted in many ways, so it begs the question: How can plan sponsors best fulfill their fiduciary responsibilities in the context of a mandatory distribution program?
Spencer Williams
Portability Services Network and Retirement Clearinghouse
With the right retirement tools, an American dream is still possible
The majority of investors still believe in the American dream but many workers do not have a written financial plan to help them achieve their retirement goals.
Despite go-to status, TDFs remain an investment mystery to employees
While they have become a standard option in most employer-sponsored retirement programs, how much do participants really know about glide paths and real TDF performance?
DOL extends comment period on fiduciary proposal
The public has until July 21 to submit comments on the proposal that would expand the fiduciary standard to thousands of brokers and advisers who provide retirement investment advice.
By
Phil Albinus
Failure to rebalance, not frequent trading, cited as challenge for 401(k) plans
Market timing and frequent trades within 401(k) plan mutual funds seem to be a thing of the past, according to the Government Accountability Office.
Benefits Think The demographic disconnect: Financial wellness across the generations
Accounting for the needs of multiple generations in a financial wellness program can seem overwhelming.
Workers missing out on Roth 401(k)s
Many employees may not be aware they have the option of a Roth 401(k), and those who do often don't have any idea which to pick — the traditional 401(k) or the Roth 401(k).
How retirement advisers can engage millennials
Upfront information, auto features and tailoring communication and education specific to younger employees can help boost participation.
Benefits Think Bridging the generational financial wellness divide
Commentary: As the boomer generation moves further into traditional retirement years, evolving employee expectations are altering the benefits landscape more significantly than at any other time in recent history.
Benefits Think Chamber of Commerce study fatally flawed
Commentary: If the objective of the Chamber of Commerces study on the DOLs proposed fiduciary rules was to scare small business owners, clearly it succeeded. But it certainly failed on another level.
Robert C. Lawton
Lawton Retirement Plan Consultants