Results for Defined Contribution

Defined Contribution Key Trends By: Steven Dufault, CIMA®, Defined Contribution Practice Leader, Senior Consultant Plan Sponsors have made great strides developing a wide range of benefits to improve employee fiscal health and well-being. New and enhanced benefits range from 529 college savings plans and assistance with student loan debt to health savings accounts and retiree distribution and tax planning services. Among the key factors that have…

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Defined Contribution in Review is a quarterly report designed to help retirement advisors, CEOs, CFOs, Treasurers, Human Resource and Benefits Professionals and Investment Committees stay abreast of recent events that could have an impact on plans or plan participants.

Plan sponsors are risk-averse, so 401(k) advisers should highlight the benefits of new concepts while trying to minimize the risk, work and costs.

Ideas for plan sponsors that can help employees get the most from their retirement plans.

Unlike defined benefit pensions that provide participants with steady benefits for as long as they live, 401(k) plans and Individual Retirement Accounts (IRAs) provide little guidance on how to turn accumulated assets into income. As a result, retirees have to decide how much to withdraw each year and face the risk of either spending too quickly and outliving their resources or spending too conservatively and consuming…

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The problem of ensuring steady, predicable retirement income is increasingly problematic as the baby boomer generation leaves the workforce along with the rise of the defined-contribution plan. In [ Improving the Defined-Contribution System ][1], published in the Spring 2017 issue of The Journal of Retirement , Aron Szapiro of Morningstar examines how the U.S. defined-contribution system compares with six other countries, including Chile…

The bear market is challenging defined contribution (DC) plan sponsors to reinforce timeless investing principles while also conveying new rules that bring relief to participants. Good communication practices are a key ingredient to achieving success in both these areas.

Small businesses owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half…

Small business owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half…

Congratulations on getting a new job! Along with the excitement, there are lots of decisions to be made regarding new benefits, and maybe even relocation. According to a 2017 SHRM Employee Benefits survey, most organizations offer defined contribution plans to help employees save and plan for retirement. Ninety percent offer a traditional 401(k) or similar …

Defined contribution plan sponsors may want to revisit how their plan documents' define "compensation" for employee-deferral and employer-matching contributions—and how that definition (or definitions) affects employee participation and savings rates.

Industry vet says the future lies in retail, with baby boomers retiring and workers being moved to defined contribution plans away from pensions.

Milliman’s retirement glide path technology, InvestMap™ , enables plan sponsors to deploy an age- and risk-based asset allocation strategy for the core funds held within a defined contribution (DC) plan . By creating a custom target date glide path overlay, plan sponsors and participants are able to personalize their investment approaches while taking advantage of automated account management features
In this Google+ Hangout, Jinnie Olson discusses…

Vanguard just published a massive report on the defined contribution space

Does anyone really believe the old adage that says what you don’t know can’t hurt you? If you do, it’s probably costing you money
Take your organization’s retirement plan. If you’re an employer with a 401(k), 403(b) or other qualified retirement plan, it’s your fiduciary responsibility to exercise care and due diligence with regard to your plan, and to act solely in the interest of your…

The Good and the Bad of Retirement Saving Americans are socking away more. It’s still not enough. Bloomberg, July 9, 2018 Each year, Vanguard Group releases its annual review of the state of retirement savings in America, focusing on the 401(k)s, 403(b)s and other defined-contribution plans that allow people to set money aside…Read More

The CEO of a nonprofit organization is the most visible, and likely, the most influential position in the organization. Great efforts should be expended in recruiting and retaining the right person for the job. It is vitally important to compensate the CEO at the levels that reflect the expectations anticipated to be achieved and the skill set required to attain those expectations
Often nonprofit board members…

By Jess Morgan | 23/12/16
There is plenty of good news in Sun Life Financial's 2016 Designed for Savings report , which profiles workplace retirement programs across Canada. Waiting periods for employees to join these programs are shorter. Employers are matching employees' contributions to defined-contribution pension plans (DCPP) and Registered Retirement Savings Plans (RRSP) at higher rates. Plan members are holding well-diversified portfolios despite global market…

IRS Tax Tip 2017-38, March 29, 2017 Español
Taxpayers who contribute to a retirement plan, like a 401(k) or an IRA, may be able to claim the Saver’s Credit. This credit can help a person save for retirement and reduce taxes at the same time
Here are some key facts about the Retirement Savings Contributions Credit
Nonrefundable Credit. The maximum contribution is $2,000 per person. Those…