Industry Trends & Research
CalSavers was formally launched three years ago. But that doesn’t take place in a vacuum — it necessarily entails interactions with employers as well as individual participants. So how is that going?
Registrations were phased in based on employer size. Employers with more than 100 employees were...
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Despite surveys to the contrary, a new study finds that overall interest in ESG strategies by participants is “relatively weak” and “driven by naïve diversification.”
The difference may, of course, be attributed to the difference between what individuals say—and what they actually do. Unlike...
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New polling by Gallup finds that American workers are retiring at later ages than those in the past three decades.
In 1991, U.S. retirees, on average, reported that they retired at age 57, but now the average reported retirement age is up to 61. Meanwhile, non-retirees’ target retirement age has...
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Retirement plan providers are increasing their efforts to encourage saving by redesigning online participant experiences with simplicity and personalization in mind, according to a new report from Cerulli.
In fact, plan providers are making sizable investments in digital technology to enhance...
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Retirees face many financial risks, such as outliving their money, investment losses and unexpected health expenses—but a new study finds that they may be overestimating some risks while underestimating others, writes Ted Godbout in MarketBeat.
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The July 31, 2022, deadline for restating pre-approved 401(k) plans has come and gone. If a plan missed that deadline, now what? A recent blog entry offers some suggestions.
July 31 was the deadline for the latest plan remedial amendment cycle (Cycle 3). In a recent entry in the JacksonLewis blog...
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Like a rising summer thermometer, CalSavers’ registrations, accounts and assets have been climbing higher. And the CalSavers Retirement Savings Board, which administers the state-run retirement plan for employees whose employers don’t offer one, reports that by many measures the growth has been...
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In MarketBeat, Ted Godbout writes about a study that found that the No. 1 reason Millennial and Gen Z investors take early withdrawals from their retirement savings account is to pay for education. He adds that legislative relief could be coming soon for the significant impact education costs are...
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Wine tasting has become a popular activity throughout the country. This is often a social event with a bunch of friends and can include several trips to a winery to create a finish-bottled product. How about working with a winery to create a client event centered on the last step, which is corking...
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With fee compression and other market pressures in the defined contribution space, financial planning and wealth management opportunities are becoming more attractive offerings to recordkeepers, plan advisors and other DC providers.
In fact, several DC plan providers are harmonizing their DC and...
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The prospect of 401(k) plans adding cryptocurrency to their plan menu is like waiting for “fruit to ripen,” according to a plaintiff’s lawyer who spoke as part of a July 26 “Lessons from Litigation” panel at the 2022 NAPA D.C. Fly-In Forum.
Attorney Mark Bokyo (at right in photo), a Partner with...
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As new rules about rollover disclosures kick in, a new report highlights an often unacknowledged risk of rollovers—high(er) fees, writes Nevin E. Adams, JD in MarketBeat.
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By some accounts, I just spent the past week in “retirement”—driving around sightseeing, reading some good books, hanging out with family, and yes—even walking on a beach.
And I have to tell you—if that was retirement, I don’t know how I’m going to afford it.
Now, I realize that isn’t the stuff...
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The Social Security Administration (SSA) does not prepare Social Security statements out of the kindness of its heart—it is required to do so by law. The Congressional Research Service (CRS) has issued a report on the statements, which are useful regardless of the reason they are prepared.
Zhe Li...
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One of the keys to financial security in retirement is behavior; in particular, before retirement—and the earlier the better. According to John Iekel in MarketBeat, that was the underlying message of an expert panel in a webinar concerning retirement readiness.
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Consumers and financial professionals are worried about the impact that inflation, market trends and a possible recession will have on spending power in retirement, according to the results of a new survey.
In fact, the Protected Retirement Income and Planning Study by CANNEX and the Alliance...
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There is growing interest among plan sponsors in offering a retirement income solution. But how does a DC plan sponsor go about choosing the right one?
To assist in evaluating suitable product options, Russell Investments has put together a Retirement Income Buyer’s Guide for DC Plans. The guide...
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Editor’s Note: This is part of an ongoing series that provides a look at content available through the NTSA Advisor’s weekly MarketBeat feature, an archive of which is contained in the Industry Intel section of the NTSA website here. This installment concerns savings and income.
Retirement Income...
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While most workers believe they are still on track for a secure retirement, the findings from a new survey suggest that many are not saving enough in light of the financial setbacks suffered during the pandemic.
According to the Transamerica Center for Retirement Studies’ (TCRS) 111-page survey...
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Much has been written about the “retirement crisis.” But it has been hard to sort out how what is happening today is different from, say, the 1990s. Hasn’t saving for anything, especially for something as abstract and far off as retirement, always been hard?
In what follows we argue that critical...
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