“Low levels of financial literacy—not only the young but also people close to retirement—show we need to step up the effort to promote financial knowledge across the entire population,” says Annamaria Lusardi with the Global Financial Literacy Excellence Center. Read More: Study Shows Low Level of Financial Literacy Among Americans […]
The goal is to reduce fees and administrative burdens for plan sponsors while providing better services for plan participants. Read More: Private Higher Education 403(b) Plan Sponsors to Join MEP | PLANSPONSOR
Benchmarking is a retirement plan best practice that allows plan sponsors the opportunity to “take a peak under the hood” of their 401(k). The process allows you to compare your plan to similar plans, measuring key metrics such as participant saving and participation rates, fee reasonableness and service providers. Benchmarking […]
More plan sponsors this year than last have voiced a concern that their workers may have to delay retirement; this is the case despite the fact that plan participants are broadly feeling much more optimistic. View the full article: BlackRock DC Pulse Survey Highlights Sponsor Decumulation Challenge | PLANSPONSOR
Ongoing research finds that fiduciary awareness among plan sponsors has deteriorated significantly in recent years Read the article here: Who’s Your Fiduciary?