As the industry talks about moving away from traditional benchmarks; how plan sponsors benchmark their plans was the subject of a panel discussion for advisers.
The majority of workers polled for the 2013 Retirement Confidence Survey (RCS) indicated support for guaranteed income options in their retirement plans.
The Income Simulator from Fidelity Investments is an online guidance tool that shows retirement plan participants how savings translates into actual retirement income.
Twenty-two percent of workers in the 2013 Retirement Confidence Survey (RCS) say the age at which they expect to retire has increased in the past year.
Address market challenges, embrace innovation and take the lead in improving retirement policy, said Robert L. Reynolds, president and chief executive of Putnam Investments.
Beyond the general education about how to much to save and how to invest, retirement plan participants have issues at different life stages that need to be addressed.
Two-thirds of defined contribution (DC) plan providers have launched mobile initiatives focused on plan participants, with more companies planning them, LIMRA found.
There was no decline in retirement preparedness among employees in 2012 despite a decline in overall financial wellness, according to data from Financial Finesse.