Retirement savings plans are using workers’ inertia to help them
A retirement savings wave that has been rolling stealthily across corporate America is gaining momentum.
Retirement income
Benefits Think Why advisers should consider these often overlooked retirement plans
Safe harbor 401(k)s and cash-balance options can often maximize contribution levels while saving plan sponsors’ tax money.
Kim Martin
Rehmann Robson & Co
Workers are retiring later, dying sooner and sicker in-between
The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.
Extreme loss aversion is not a retirement strategy
Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.
Benefits Think 7 common ERISA compliance pitfalls to avoid
Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.
Marc McGinnis
The Word & Brown General Agency
Extreme loss aversion is not a retirement strategy
Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.
Over 50 and a woman? Better get saving for retirement
An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years, according to UBS.
Over 50 and a woman? Better get saving for retirement
This person in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years.
Benefits Think 7 common ERISA compliance pitfalls to avoid
Companies can be punished for even unintentional slip-ups, and financial and legal penalties can be crippling.
Marc McGinnis
The Word & Brown General Agency
Greenhouse Software uses robo 401(k) to boost retirement plan enrollment rates
In one year, Betterment for Business has helped the company increase plan participation by more than 60%.
Benefits Think 3 ways participants are driving a new era of retirement plan design
Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.
Shelby George
Manning & Napier
Benefits Think When should plan sponsors bring in an independent TPA?
For employers with more customized design elements in place, retirement advisers may be wise to suggest tailored administrative assistance.
Jess DeGabriele
LHD Retirement
Consolidation hitting third party administrators
Costs are increasingly transparent and plan sponsors want more for their buck.
Benefits Think 3 ways participants are driving a new era of retirement plan design
Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.
Shelby George
Manning & Napier
Consolidation hitting third party administrators
Costs are increasingly transparent and plan sponsors want more for their buck.
Engagement is key for a successful personal finance benefit
Although ROI for fiscal health programs is about 3:1, employers should measure participation to determine its success.
Engagement is key for a successful personal finance benefit
Although ROI for fiscal health programs is about 3:1, employers should measure participation to determine its success.
Some employees use personal credit cards to save HSA funds for retirement
Instead of offsetting current healthcare costs, HSA providers are seeing workers prepare for their post-work medical expenses.
HSA providers urge employers to push plans as retirement investments
Instead of offsetting current healthcare costs, some employees are using these accounts for their post-work medical expenses.
Government employees flock to sponsored retirement plans
Despite high participation numbers, many worry that federal and state workers still will not save enough.
