The auto-enroll feature of the 401(k) is often touted as a key part of an overall strategy to increase workers’ retirement savings. But is automatic enrollment all it’s cracked up to be? Two recent blog posts take opposing sides on the question of the feature’s ultimate value. In one corner is David John from the… [Read more…]
Notions of what retirement is - and when it should start - are changing.
A quick roundup of recent news about 401(k) and other defined contribution plans.
Calls for reforming employer-provided retirement plans - in particular, 401(k) plans - are growing. While the ultimate outcome remains to be seen, it is likely that significant changes could be coming soon to a 401(k) plan near you.
By agreeing to hear the case of Jones v. Harris Associates, the Supreme Court may take the opportunity to make a statement on certain business practices seen as contributing to Great Recession.
A recent white paper defending employer-sponsored retirement plans could be improved by acknowledging some of the weaknesses of the system, as well as by calling on employers to not cut matching contributions.
Proposals to provide guarantees to 401(k) plan participants are likely to gain ground as a result of the severe market downturn that has decimated the savings of millions of workers.
Last week, Hewitt put out an analysis of U.S. companies suspending their employer 401(k) matches. “Companies Can Save Millions of Dollars by Suspending Their 401(k) Match for Just One Year,” announced the headline of the accompanying press release. According to the press release: [C]ompanies can save, on average, more than $1,500 per employee each year… [Read more…]
New survey finds that young adults believe that better managing their money is important, and would like more help in doing so from their employers.
July 14, 2010
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