Defined Contribution Help
Source: UBA
Workers in defined contribution retirement plans want resources from their employer to help them make the best savings decisions, a new poll by State Street Global Advisors finds. Seventy-four percent of respondents said they want clear examples on how their savings will work in the future, while 71 percent said they would like their employers to bump up their savings rate by one percentage point every year.
Taking Charge
Source: UBA
A new study finds that more defined contribution plan sponsors are taking an active role to understand and monitor the performance of the funds in their plans. Research by Callan Associates reveals that 40.7 percent of plan sponsors said they swapped out under-performing funds or managers in 2012, a 9.2 percent increase from 2011