Blog

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

The 28th annual Retirement Confidence Survey conducted by the Employee Benefit Research Institute reported that only 17% of surveyed employees “feel very confident in their ability to live comfortably in retirement” as recently reported in Plan Sponsor. Here are some of their findings: 3 in 10 employees with a DC plan intend to move “at...Read More

“There is a disconnect between Baby Boomers’ current financial status and where they perceive themselves in retirement,” explains Richard Burns, President and CEO of The NHP Foundation. The struggle here is the “wishful thinking” that transfers onto greater possible consequences that impacts “throughout all areas of the economy.” Discovery of this was surveyed by The...Read More