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12/17/12 - Using Behavioral Economics to Encourage Employees to Make Better Decisions about their 401(k) Plans (Sibson Consulting's Perspectives)

There are many factors that will determine the balance of an employee’s §401(k) plan when he or she reaches retirement. The state of the economy, the trajectory of the markets and other outside factors during an employee’s career all come into play. Every time an employee makes a §401(k)-related choice there is an optimal and… Read more 12/17/12 - Using Behavioral Economics to Encourage Employees to Make Better Decisions about their 401(k) Plans (Sibson Consulting's Perspectives)

12/14/12 - Millenial 401(k) Participation Dependent on Auto-Enrollment (BenefitsPro)

Higher numbers of Millennials enroll in their company-sponsored retirement plans if their company automatically enrolls them in it, according to new statistics from Wells Fargo Retirement. In companies that do not automatically enroll eligible employees, just 13.4 percent of Millennials participate in the plan. For its research, Wells Fargo analyzed a subset of 1 million… Read more 12/14/12 - Millenial 401(k) Participation Dependent on Auto-Enrollment (BenefitsPro)

12/10/12 - Pension Plan Modifications Provide Sustainability (National Institute on Retirement Security)

Faced with financial pressures, 45 states have enacted defined benefit (DB) pension plan reforms since 2008 to achieve affordability, sustainability, and human resource goals rather than switching to 401(k) type defined contribution (DC) accounts. Closing a defined benefit pension plan can cost substantially more than adjusting an existing plan. Additionally, scaling back pensions can have… Read more 12/10/12 - Pension Plan Modifications Provide Sustainability (National Institute on Retirement Security)

12/10/12 - New Generational Study on Employee Financial Issues (Financial Finesse)

The firm studied the distinct financial issues, priorities, and vulnerabilities of Millennials, Generation X, Late Baby Boomers, and Early Baby Boomers, with a focus on strengths, weaknesses, opportunities, and threats each generation faces, as well as their distinct financial education and planning needs. Read the full article at Financial Finesse.

12/7/12 - Investment Company Institute: U.S. Retirement System Is a Success (Plansponsor.com)

The U.S. retirement system successfully provided adequate retirement resources and successive generations of retirees have been better off, ICI research found. The Investment Company Institute (ICI) paper, “The Success of the U.S. Retirement System,” points out most households maintain their standard of living when they retire, and concludes that, on average, more recent retirees have higher… Read more 12/7/12 - Investment Company Institute: U.S. Retirement System Is a Success (Plansponsor.com)