The vast majority of U.S. employers are eyeing enhancements to their defined contribution (DC) retirement plans in an effort to boost their employees’ retirement security and financial wellbeing, according to a survey by WTW, a leading global advisory, broking and solutions company. Among the many enhancements being weighed include allowing employees to direct their contributions… Continue reading U.S. Employers Eyeing Enhancements to Defined Contribution Plans: WTW
Tag: defined contribution plans
Third-Generation Defined Contribution Plans to Emerge within Five to 10 Years
The Thinking Ahead Institute has today released research that describes an industry on the cusp of significant change. The challenges that need to be addressed in defined contribution (DC) plans include coverage, adequacy, technology, a lack of trust and a lack of engagement with participants. The new research asserts that DC version 2.0 is now… Continue reading Third-Generation Defined Contribution Plans to Emerge within Five to 10 Years
The Downside of Mandatory Retirement-Plan Contributions
As the U.S. and other developed countries increasingly look toward defined-contribution systems as the solution to retirement security, many people have suggested taking it one step further: Make participation mandatory. Conceptually, it makes sense. After all, if people won’t save enough on their own, it might be best to give them no choice at all.… Continue reading The Downside of Mandatory Retirement-Plan Contributions