The Executive Director of PSCA, Jack Towarnicky, addressed a workshop at the April NAPA 401(k) Summit, reporting on the findings of their 2017 survey focusing on the impacts of autoenrollment and auto-escalation features. Towarnicky reported that auto-enrollments have virtually doubled since implementation – rising to 63% in 2016, from 32% in 2007. However, participation has...Read More
A recent survey of over 4,000 American workers between the ages of 18 and 65 was recently conducted by the Empower Institute. Named “Scoring the Progress of Retirement Savers”, and reported by NAPA Net, the survey pointed out that the median projected income replacement was 64% where early Boomers were at the low end with...Read More