Retirement income

The legislation aims to improve security with increased access to lifetime income and simplify plan procedures for plan sponsors.

Charles Schwab senior multi-asset class strategist Jake Gilliam sounds off on TDF choices and how plan sponsors can pick the right funds for employees.

Beginning in February, the credit card giant will match 200% of an employee’s contributions to the company plan, up to 5% of the individual’s salary.

Employers should develop the equivalent of an independent or objective credit score for plans that serve as a tool for gauging the value of each fund.

The benefits update is part of a $250 million investment initiative in the wake of the new tax reform bill.

Plan sponsors should refocus the end-of-work conversation by providing employees education and access to lifetime income products, says TIAA managing director David Ray.

The legislation aims to improve security with increased access to lifetime income and simplify plan procedures for plan sponsors.

Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.

Advisers should help employers to reduce eligibility times and consider using gamification to communicate the benefit.

The benefits update is part of a $250 million investment initiative in the wake of the new tax reform bill.