According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2004-2018), the average defined contribution (DC) plan account balance increased from increased from $18,300 at the end of 2004 to… Read more >
February 9, 2022 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Financial Wellness, Investments, U.S. 0 Read more >
In my years compiling benchmarking data for the International Foundation, one of the most notable trends has been the decreasing prevalence of employer-sponsored defined benefit (DB) pension plans. In the… Read more >
December 29, 2021 Communication, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Retirement, U.S. 0 Read more >
The issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took… Read more >
July 28, 2021 Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, DOL, Employee Benefits, Pensions, Retirement, U.S. 0 Read more >
Defined contribution (DC) plans are focused on saving for retirement. But from a plan member’s perspective, what’s missing is how to effectively manage and spend these savings during retirement. In… Read more >
May 26, 2021 Canada, Defined Contribution (DC) Plans, Employee Benefits, Financial Wellness, Retirement 0 Read more >
Federal agencies, including the Internal Revenue Service (IRS) and Department of Labor (DOL), have been busy issuing guidance on some of the more complex provisions of the Setting Every Community… Read more >
May 10, 2021 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Wellness, Regulatory, Retirement, U.S. 0 Read more >
The COVID-19 pandemic has had significant implications for workplaces across the world, and employers and workers have needed to make difficult decisions regarding retirement, health and paid leave benefits. A new… Read more >
May 4, 2021 Canada, Coronavirus (COVID-19), Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Assistance Program (EAP), Employee Benefits, Mental Health, Prescription Drugs, Retirement 0 Read more >
Retirement planning is an important exercise for everyone. And when you have only a modest retirement nest egg, there is little room for error when planning for how to make… Read more >
April 15, 2021 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Financial Wellness, Retirement, U.S. 0 Read more >
The number of organizations offering defined contribution (DC) retirement plans has increased over the past two years, making them the primary retirement vehicle for an increasing share of the U.S…. Read more >
February 24, 2021 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Employee Benefits Survey, Financial Education, Retirement, U.S. 0 Read more >
The COVID-19 pandemic is likely to bring long-lasting changes to life in the United States, and those changes will be reflected in employee benefits. How COVID-19 could affect health, retirement… Read more >
February 17, 2021 Coronavirus (COVID-19), Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Dependent Care, Employee Benefits, Health Care, Multiemployer, Paid Leave, U.S. 1 Read more >
Despite growing demand for sustainable, responsible and impact (SRI) investments from participants, a small percentage of 401(k) plans provide such options in their investment menus. In a Benefits Magazine article… Read more >
December 3, 2020 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Investments, Retirement, U.S. 0 Read more >