401(k) Specialist Issue 1 - 2017 - 9
401(k) NEWS YOU CAN USE
The State of
State-Run Plans
WHAT'LL IT TAKE for small business owners to offer a 401(k) and
IRA if they don't already do so?
The Pew Charitable Trusts asked 1,600 small- and medium-sized
business owners about needed incentives to institute a 401(k)
plan, and automatic enrollment and pre-determined deductions
from their pay came up big.
Employers without plans were either somewhat or strongly supportive
of the concept. Many said the main reason for this support
was that the auto-IRA plan would help their employees.
Support for an auto-IRA initiative proved highest if the plan would
be sponsored by an insurance or mutual fund company; it dropped
if a state or federal government ran the program.
Still, more than 40 percent supported a government-run
ONLINE
EXTRA
program.
Trouble in
401(k) Paradise
THEY'RE JUST NOT seeing eye-to-eye. 401(k) plan sponsors generally
consider participants more retirement-ready than do 401(k)
advisors, according to Voya Financial.
Sponsors also focus on 401(k) plan process, whereas advisors
focus on participant outcomes. And 401(k) sponsors are more
likely to rate their involvement with investment selection higher
than advisors perceive.
It all adds up to disconnect between the perceptions of plan
sponsors and the 401(k) advisors with whom they work.
Helping plan participants become retirement ready is an important
concern for 401(k) sponsors, but they place less emphasis than
advisors on the means to achieve it, e.g., participant education,
enrollment, communications and increasing savings rates.
Plan sponsors are concerned with operating their plans and
avoiding potential liabilities; the study shows if the plan is running
smoothly and employees are contributing, sponsors tend to believe
participants are preparing effectively for retirement.
By contrast, 401(k) advisors look at potential outcomes and can
see participants generally are not saving enough or investing wisely
enough to provide for their retirement income needs.
SAY WHAT?
" If every person in America could just serve as president, this pesky
retirement crisis would be solved. "
- Obama And Biden Get How Much In Retirement? 401kspecialistmag.com
ISSUE 1 2017 | 401kSpecialistmag.com
9
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401(k) Specialist Issue 1 - 2017
Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2017
Table of Contents
401(k) Specialist Issue 1 - 2017 - Cover1
401(k) Specialist Issue 1 - 2017 - Table of Contents
401(k) Specialist Issue 1 - 2017 - 1
401(k) Specialist Issue 1 - 2017 - 2
401(k) Specialist Issue 1 - 2017 - 3
401(k) Specialist Issue 1 - 2017 - 4
401(k) Specialist Issue 1 - 2017 - 5
401(k) Specialist Issue 1 - 2017 - 6
401(k) Specialist Issue 1 - 2017 - 7
401(k) Specialist Issue 1 - 2017 - 8
401(k) Specialist Issue 1 - 2017 - 9
401(k) Specialist Issue 1 - 2017 - 10
401(k) Specialist Issue 1 - 2017 - 11
401(k) Specialist Issue 1 - 2017 - 12
401(k) Specialist Issue 1 - 2017 - 13
401(k) Specialist Issue 1 - 2017 - 14
401(k) Specialist Issue 1 - 2017 - 15
401(k) Specialist Issue 1 - 2017 - 16
401(k) Specialist Issue 1 - 2017 - 17
401(k) Specialist Issue 1 - 2017 - 18
401(k) Specialist Issue 1 - 2017 - 19
401(k) Specialist Issue 1 - 2017 - 20
401(k) Specialist Issue 1 - 2017 - 21
401(k) Specialist Issue 1 - 2017 - 22
401(k) Specialist Issue 1 - 2017 - 23
401(k) Specialist Issue 1 - 2017 - 24
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401(k) Specialist Issue 1 - 2017 - 26
401(k) Specialist Issue 1 - 2017 - 27
401(k) Specialist Issue 1 - 2017 - 28
401(k) Specialist Issue 1 - 2017 - 29
401(k) Specialist Issue 1 - 2017 - 30
401(k) Specialist Issue 1 - 2017 - 31
401(k) Specialist Issue 1 - 2017 - 32
401(k) Specialist Issue 1 - 2017 - 33
401(k) Specialist Issue 1 - 2017 - 34
401(k) Specialist Issue 1 - 2017 - 35
401(k) Specialist Issue 1 - 2017 - 36
401(k) Specialist Issue 1 - 2017 - 37
401(k) Specialist Issue 1 - 2017 - 38
401(k) Specialist Issue 1 - 2017 - 39
401(k) Specialist Issue 1 - 2017 - 40
401(k) Specialist Issue 1 - 2017 - 41
401(k) Specialist Issue 1 - 2017 - 42
401(k) Specialist Issue 1 - 2017 - 43
401(k) Specialist Issue 1 - 2017 - 44
401(k) Specialist Issue 1 - 2017 - Cover3
401(k) Specialist Issue 1 - 2017 - Cover4
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