Making the Case for Auto-Escalation in 401(k) Plans?
With many workers electing workplace benefits during open enrollment this month, a new survey finds that less than half will review or increase their retirement plan contributions, suggesting a missed...
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The Twilight Zone of Near Retirees in Challenging Jobs
Near retirees are in a unique position. The good news is that for the most part, they are living longer, are healthier than in the past, and have more work options than their predecessors. At the same...
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Mixed Harvest for Private-Sector Pension Plans in October
The private pension plan cornucopia was half full or half empty in October, depending on one’s perspective. Analyses were mixed on how the plans fared.
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More Employers Positioning HSAs as a Retirement Savings Strategy: PSCA
The Plan Sponsor Council of America’s (PSCA) 5th annual health savings account (HSA) Survey of more than 500 employers indicates that more employers are framing HSAs as part of a holistic retirement...
View ArticleNavigating the New Age of Retirement Services
Laying the foundation for long-term financial stability means more than the traditional approaches to saving for retirement. How can one meet the needs of participants as well as work together to add...
View ArticleBack to the Future with 4% Safe Withdrawal Rate for Retirees
During the previous two editions of The State of Retirement Income, researchers at Morningstar recommended that the so-called 4% safe withdrawal rate for retirees should be lowered given current market...
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DOL’s ‘Lost and Found’ Database Gets a Boost
The SECURE 2.0 Act’s creation of an online searchable lost and found database at the Department of Labor (DOL) to help American workers find lost retirement savings benefits has moved one step closer...
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DOL Denies Request to Extend Fiduciary Rule Comment Period, as House Moves to...
It’s been a couple of fast-moving days for the Department of Labor’s (DOL) proposal to amend the definition of investment advice fiduciary, as the House GOP has stepped up efforts to block the DOL from...
View ArticleFinancial Vitality for PBGC Programs in ’23, Says Report
Good news from the Pension Benefit Guaranty Corporation (PBGC): both its multiemployer and single-employer insurance programs are healthy, and are in an even better financial position than they were at...
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DOL Schedules ‘Online’ Hearing on Proposed Retirement Security Rule
After denying a request to extend the comment period for its proposed guidance to update the definition of an investment advice fiduciary, the Department of Labor (DOL) announced that the Employee...
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