401(k) Specialist Issue 2 - 2019 - 6
401(k) NEWS YOU CAN USE
Serenity Now! How 401(k) Plan Participants
Behaved in 2018
PARTICIPANTS GET IT, and should give themselves (or their 401(k) advisors) a pat
on the back.
They stayed the course for most of 2018, according to the Investment Company
Institute, although late-year market volatility wasn't included in the analysis.
Overall withdrawal activity was low, contributions high, asset allocations reasonable
and loan activity stable.
* Withdrawals-In the first three quarters of 2018, 2.9 percent of DC plan participants
took withdrawals, compared with 2.8 percent in the first three quarters of 2017.
* Contributions-Only 2.2 percent of DC plan participants stopped contributing
in the first three quarters of 2018, compared with 2.4 percent in the first three
quarters of 2017.
* Asset Allocations-In the first three quarters of 2018, 8.4 percent of DC plan
participants changed the asset allocation of their account balances, compared
with 8.0 percent in the first three quarters of 2017.
* Loans-At the end of September 2018, 16.4 percent of DC plan participants
had loans outstanding, compared with 16.7 percent at year-end 2017.
ONLINE
EXTRA
Test Time! Do You Know More
Than Your 401(k) Clients?
ONLY 26 PERCENT of older Americans with investable
assets of at least $100,000 were able to pass a retirement
income literacy quiz, which asked 38 questions
over a variety of topics including retirement plans like
401(k)s.
And they didn't exactly pass with flying colors.
* Less than 1 percent scored between 91 and 100 percent;
roughly 5 percent scored between 81 and 90
percent; and 8 percent scored between 71 percent
and 80 percent.
* The largest range of scores for passing grades was
between 61 and 70 percent.
The quiz is the centerpiece of a recently published
research study in the Journal of Financial Planning, titled,
" Retirement Income Literacy: A Key to Sustainable
Retirement Planning. "
Surely you'll pass, right?
Find out at: https://retirement.theamericancollege.edu/retirement-101/2017-retirement-income-literacy-quiz
FULL DISCLOSURE: 401(k) Specialist staff passed, but not proudly.
6
ISSUE 2 2019 | 401kSpecialist.com
WHY
ISN'T THIS
BIGGER
NEWS?
" We've reached
a pivotal moment
in the DC pension
assets growth story,
as they exceed
DB pension assets
for the first time,
after a slow and
steady grind over
40 years. "
- Steve Carlson,
North America
head of Investments,
Willis
Towers Watson.
© Michael Flippo | Dreamstime.com
© Wavebreakmedia Ltd | Dreamstime.com
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https://retirement.theamericancollege.edu/retirement-101/2017-retirement-income-literacy-quiz
http://www.401kSpecialist.com
401(k) Specialist Issue 2 - 2019
Table of Contents for the Digital Edition of 401(k) Specialist Issue 2 - 2019
Table of Contents
401(k) Specialist Issue 2 - 2019 - Cover1
401(k) Specialist Issue 2 - 2019 - Table of Contents
401(k) Specialist Issue 2 - 2019 - 1
401(k) Specialist Issue 2 - 2019 - 2
401(k) Specialist Issue 2 - 2019 - 3
401(k) Specialist Issue 2 - 2019 - 4
401(k) Specialist Issue 2 - 2019 - 5
401(k) Specialist Issue 2 - 2019 - 6
401(k) Specialist Issue 2 - 2019 - 7
401(k) Specialist Issue 2 - 2019 - 8
401(k) Specialist Issue 2 - 2019 - 9
401(k) Specialist Issue 2 - 2019 - 10
401(k) Specialist Issue 2 - 2019 - 11
401(k) Specialist Issue 2 - 2019 - 12
401(k) Specialist Issue 2 - 2019 - 13
401(k) Specialist Issue 2 - 2019 - 14
401(k) Specialist Issue 2 - 2019 - 15
401(k) Specialist Issue 2 - 2019 - 16
401(k) Specialist Issue 2 - 2019 - 17
401(k) Specialist Issue 2 - 2019 - 18
401(k) Specialist Issue 2 - 2019 - 19
401(k) Specialist Issue 2 - 2019 - 20
401(k) Specialist Issue 2 - 2019 - 21
401(k) Specialist Issue 2 - 2019 - 22
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401(k) Specialist Issue 2 - 2019 - 29
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401(k) Specialist Issue 2 - 2019 - 38
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401(k) Specialist Issue 2 - 2019 - 40
401(k) Specialist Issue 2 - 2019 - 41
401(k) Specialist Issue 2 - 2019 - 42
401(k) Specialist Issue 2 - 2019 - 43
401(k) Specialist Issue 2 - 2019 - 44
401(k) Specialist Issue 2 - 2019 - Cover3
401(k) Specialist Issue 2 - 2019 - Cover4
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