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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

Usage of Roth options have significantly grown over the past decade. The availability of having Roth offered increased to about 63 percent of plans in 2016 in comparison to only around 30 percent in 2007. These results were obtained from a recent survey of Profit Sharing and 401(k) Plans by the Plan Sponsor Council of...Read More

The Employee Benefits Security Administration’s fiscal year coincides with that of the federal government – October 1 through September 30, and the numbers for 2017 are in, and have been reported by NAPA Net. Briefly, the agency’s total monetary recoveries for 2017 was $1.1 billion in direct payment to plans, participants and beneficiaries, vs. $777.5...Read More

Thanks to the changes resulting from the passage of the tax reform law, employee benefits programs are or will be improving. Willis Towers Watson, as reported in NAPA Net, surveyed over 300 large and mid-sized employers with 66% of those surveyed indicating they will probably be improving their benefits. Many companies have already done so....Read More