workforce is affecting more than company productivity--it also affects the success of
employer-sponsored retirement plans.
Legence Investment Services is ready to assist its clients with individual retirement accounts,
employer-sponsored retirement plans, investment brokerage services, college savings plans, and charitable giving programs.
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Employer-sponsored retirement plans are the main conduit for employees to save for a financially sustainable retirement," said Chatrane Birbal, director of congressional affairs for health and employee benefits policy for the Society for Human Resource Management.
Remember that at 701/2 years of age you are required to take required minimum distributions from your traditional IRA and
employer-sponsored retirement plans, so work this income into your plan.
RADNOR, Pa: Lincoln Financial Group launched a new series of target date portfolios for
employer-sponsored retirement plans called YourPathsm portfolios.
Based in Ridgewood, New Jersey, Intac provides complete administration of
employer-sponsored retirement plans for about 3,000 small to mid-sized companies, their owners, key executives and employees.
Identity theft and related crimes are on the rise, and they can have a devastating impact on
employer-sponsored retirement plans, such as 401 (k)s.
"With $7.4 trillion in assets invested, traditional and Roth IRAs are successfully meeting their dual mission as contributory savings vehicles and as a place to transfer or consolidate assets from
employer-sponsored retirement plans," observes Sarah Holden, senior director of retirement and investor research at ICI.
The company brought three high-level retirement plan unit executives -- Douglas McIntosh Jr., vice president for full-service solutions; Srinivas Reddy, senior vice president and head of full-service investments; and John Kalamarides, head of full-service solutions -- to New York to tell the reporters what annuitization is, why workers need protection against longevity risk, and why they think adding income guarantees to
employer-sponsored retirement plans could help everyone.
Employer-sponsored retirement plans are providing less retirement income today than in the past, according to a new analysis from the Center for Retirement Research.
A recent example of this is a December 2016 DOL letter to TIAA authorizing the use of delayed liquidity fixed annuities as a non-qualified default investment alternative option in targets-date funds of
employer-sponsored retirement plans. Though failing to meet ERISA liquidity requirements -- after a 12-month, restriction-free period, funds invested in these annuities can be transferred to another investment only in installments over an 84-month/7-year period -- the DOL determined that plan fiduciaries could "prudently select an investment with lifetime income elements as a default investment under the plan if it complies" with ERISA law.