Blog

As reported by Lee Barney, at PlanSponsor.com, half of retirees indicate they spend less in retirement than they did when they worked. Retirees are less concerned than pre-retirees about their money lasting throughout retirement; rather, they are more concerned about declining health, according to a survey by Greenwald & Associates who conducted an online survey...Read More

Lee Barney from PlanSponsors.com, recently reported on an article in The Cerulli Edge – U.S. Asset and Wealth Management edition that Cerulli’s expectation is that the next major development in the retirement planning industry will be plans embracing retirement income now that millions of Baby Boomers are retiring. The article cited, “The Pension Protection Act...Read More

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

New results recently reported by NAPA indicate that most 401(k) consultants support additional services in DC plans. PIMCO’s 12th annual Defined Contribution Consulting Support and Trends Survey included 77 consulting firms, representing 17,000 plan sponsors with $4.4+ trillion in plan assets. 64% of those responding indicated they think plans should offer a “separate retirement income...Read More