Tag: Participants

Honest and practical education, social media communications and proper incentives will result in increased retirement plan participation for Generation Y employees.

Employers place a high value on employee financial literacy, a survey found.

More than half of employers surveyed (55.6%) report that the effectiveness of their benefits communication efforts has improved during the last three years.

Securian has added a QR (quick response) code to retirement plan participants’ quarterly account statements and envelopes.

Custodia Financial launched Protect My 401(k) Loan, a campaign to raise awareness of 401(k) involuntary loan defaults, and introduce a solution.

Some defined contribution participants rely on simple math when deciding how to allocate their plan investments, research indicates.

Plan sponsors are preparing for the first participant fee disclosures to be issued by August 30.

Employers continue to spend too little time and fewer resources for helping employees understand their employee benefits, a survey from Unum shows.

Retirement planning is an increasing focus for employees, according to a report.

New York Life Retirement Plan Services has enhanced its Client Access website, with upgrades to plan participation and contribution dashboards for each plan sponsor.

Although the majority of defined contribution (DC) plan participants say a DC plan is their primary retirement savings account, they are not putting enough in.

The Retirement Services division of MassMutual enhanced its defined contribution (DC) plan participant statements to help paint a clearer picture of participant retirement readiness.

Millennium Trust Company’s Savings Plus IRA has been added to MassMutual’s rollover solutions for retirement plan participants and existing individual retirement account (IRA) holders.

A higher selection rate of target-date funds makes Gen Y 401(k) participants (those born between 1979 and 1991) the most properly allocated, Fidelity found.

 The summer brings higher temperatures—and according to benchmarking data from Charles Schwab, it also brings a higher rate of 401(k) loans.   

Kravitz’ 2012 National Cash Balance Research Report indicates a 21% annual increase in new cash balance plans, almost double the previous year's 11% growth rate.

Risk parity is used by defined benefit plans to protect against downside risk, but “there’s no reason DC sponsors shouldn’t use it,” Invesco noted.

The mutual funds of Sentinel Investments have been added to the CPI Qualified Plan Consultants retirement plan platform.

Plan sponsors should avoid using “jargon” investment language that some participants do not understand, even terms that would seem to be common knowledge, such as “equity.”

 The defined contribution (DC) retirement plan industry has a “self-esteem problem” that must be addressed, one industry expert contends.