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Auto increase on the rise

Auto increase on the rise | 401k News for Plan Sponsors and Administrators | Scoop.it
Even as market uncertainty persists, employees using Bank of America Merrill Lynch s automatic 401(k) features are showing they want to stay the course. (RT @EBNmagazine: 71% of #retirement savers say "Yes, please!

Via Chuck Hammond, PPC, CMFC
Bond Beebe Accountants & Advisors's insight:

Plan participants are extremely supportive of auto enrollment and auto increase tools; younger participants are particularly interested.

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401k News for Plan Sponsors and Administrators
The latest news, regulations, and insights surrounding 401(k) Plans for plan sponsors and administrators
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PLANSPONSOR - Updating Communications to Retirement Plan Participants

PLANSPONSOR - Updating Communications to Retirement Plan Participants | 401k News for Plan Sponsors and Administrators | Scoop.it

Retirement plan sponsors should revisit their communications strategies to keep up with participants’ needs and advancing technology.

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Is your plan adviser the right fit? 5 questions to help employers decide

Is your plan adviser the right fit? 5 questions to help employers decide | 401k News for Plan Sponsors and Administrators | Scoop.it
The reality is that monitoring your service providers is an essential component to fulfilling your fiduciary duty as an employer. The tangible tasks that you must take on, such as, reviewing performance and educating participants, are easily executed. The confusion lies in the intangibles.
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PLANADVISER.com - IRS Expands Auto-Feature Voluntary Correction Safe Harbors

PLANADVISER.com - IRS Expands Auto-Feature Voluntary Correction Safe Harbors | 401k News for Plan Sponsors and Administrators | Scoop.it
New safe harbor correction methods related to automatic enrollment features in defined contribution plans are being implemented by the Internal Revenue Service. 
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PLANSPONSOR - Moving the Needle on Retirement Confidence

PLANSPONSOR - Moving the Needle on Retirement Confidence | 401k News for Plan Sponsors and Administrators | Scoop.it

Confidence in retirement is up, according to EBRI’s latest Retirement Confidence Survey, but people realize they could do more to prepare.

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401(k) redesign requires clarity, focus on financial literacy

401(k) redesign requires clarity, focus on financial literacy | 401k News for Plan Sponsors and Administrators | Scoop.it
Designing the ultimate defined contribution plan isn t just about the investments chosen to be in the plan. It is about strategy, a company s mission and core values and the demographics of the workers being served by the plan.
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Cadillac tax likely to become 2016 election issue

Cadillac tax likely to become 2016 election issue | 401k News for Plan Sponsors and Administrators | Scoop.it
Avoiding the Affordable Care Act s excise tax, set to take effect in 2018, is front-of-mind for many benefits decision-makers.
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PLANSPONSOR - Pension Plan Funding Status Dips in March

PLANSPONSOR - Pension Plan Funding Status Dips in March | 401k News for Plan Sponsors and Administrators | Scoop.it

Public plans and foundations and endowments also saw assets decrease.

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9 Key Trends for 2015

Cammack Retirement’s Jeffrey Snyder recently published a thoughtful list of trends likely to affect the retirement market. 
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Is the 401(k) experiment a failure?

Is the 401(k) experiment a failure? | 401k News for Plan Sponsors and Administrators | Scoop.it
With the median account balance under $19,000, 401(k) plans are failing as a safety net. Here's what happened.
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One big benefit of Roth IRAs may soon disappear

One big benefit of Roth IRAs may soon disappear | 401k News for Plan Sponsors and Administrators | Scoop.it
The administration's proposed 2016 budget would now impose required minimum distributions for Roth IRAs.
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Risk vs return vs retirement: A new battle in the fight for income

Risk vs return vs retirement: A new battle in the fight for income | 401k News for Plan Sponsors and Administrators | Scoop.it
With QE having sunk yields on safe haven sovereign debt, those seeking an income in later years face having to reassess their attitude to risk.
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PLANSPONSOR - Investing Public Feels Retirement Crisis Is Real

PLANSPONSOR - Investing Public Feels Retirement Crisis Is Real | 401k News for Plan Sponsors and Administrators | Scoop.it

New research from the National Institute on Retirement Security finds nearly nine in 10 Americans believe the nation faces a serious retirement readiness crisis.

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Lawsuit May Affect How Employers Handle Retirement Savings

Lawsuit May Affect How Employers Handle Retirement Savings | 401k News for Plan Sponsors and Administrators | Scoop.it
The case involves 401(k) accounts that may have been improperly managed.
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PLANSPONSOR - Even NFL Players Could Use Retirement Planning Help

PLANSPONSOR - Even NFL Players Could Use Retirement Planning Help | 401k News for Plan Sponsors and Administrators | Scoop.it

A study finds the bankruptcy rate of retired football players is in line with that of the general population of that age group, even though football players earn much more.

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PLANSPONSOR - A Plan Sponsor Addresses High Earners’ Savings Needs

PLANSPONSOR - A Plan Sponsor Addresses High Earners’ Savings Needs | 401k News for Plan Sponsors and Administrators | Scoop.it

While it worked to boost savings in its 401(k) plan, one plan sponsor did not forget about highly compensated employees’ desire to save for retirement.

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Keep it simple: Getting the retirement message to employees

Keep it simple: Getting the retirement message to employees | 401k News for Plan Sponsors and Administrators | Scoop.it
Pension and benefits administrators are needed more than ever to both guide and direct their employees towards healthy retirement savings and lifestyles.
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PLANSPONSOR - Millennials Expect to Work Past Retirement Age

PLANSPONSOR - Millennials Expect to Work Past Retirement Age | 401k News for Plan Sponsors and Administrators | Scoop.it

Millenials are realistic about their future retirement, with 73% expecting to work past retirement age. 

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SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report

SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report | 401k News for Plan Sponsors and Administrators | Scoop.it
Institute for the Fiduciary Standard says the SEC believes

Via Chuck Hammond, PPC, CMFC
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In-plan guaranteed income products growing in popularity

In-plan guaranteed income products growing in popularity | 401k News for Plan Sponsors and Administrators | Scoop.it
Now, more than ever, the retirement plan services industry is placing a greater emphasis on in-plan guaranteed income solutions to help employees achieve better retirement outcomes.
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401(k) access key to positive retirement outcomes

At current savings rates, Americans are on track to replace over half of their current income in retirement. Having access to a workplace-sponsored retirement plan, meanwhile, is the No. 1 factor in determining retirement success.
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The Side Effects of Pension Envy

The Side Effects of Pension Envy | 401k News for Plan Sponsors and Administrators | Scoop.it
Do you have pension envy? You may be envious of people who got guaranteed monthly checks from employers during retirement, but 401(k)s have some advantages.
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PLANSPONSOR - Objectives Met by DC Health Benefit Arrangements

PLANSPONSOR - Objectives Met by DC Health Benefit Arrangements | 401k News for Plan Sponsors and Administrators | Scoop.it

Some employers may be considering a defined contribution health benefit arrangement for the wrong reasons

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PLANSPONSOR - Participants Appreciate Guidance About Retirement Plan Investing

PLANSPONSOR - Participants Appreciate Guidance About Retirement Plan Investing | 401k News for Plan Sponsors and Administrators | Scoop.it

Nearly one-third of investors surveyed said they most need advice about which retirement plan funds to invest in.

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PLANADVISER.com - Company Stock Considerations Depend on Employer Goal

PLANADVISER.com - Company Stock Considerations Depend on Employer Goal | 401k News for Plan Sponsors and Administrators | Scoop.it
Implications of two litigation outcomes in June 2014 depend on the type of employee stock ownership plan an employer offers.
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