As CFOs are well aware, target-date funds (TDFs) have become one of the most popular investment options for 401(k) plan sponsors. But an alarming number of workers don’t even understand the basics of this investment option – even when they themselves are investing in TDFs.
Certain trends have already impacted many employer-sponsored 401(k)s, and soon experts predict the majority of plans will be influenced by these things.
Finance chiefs are being asked to pay more attention to their companies’ 401(k) plans than ever before. And in some cases, they can even be held personally responsible if the investments aren’t in employees’ best interests.
If you were thinking of adding a target-date fund option to your 401(k) – or making these investments a more prominent part of your current plan – the findings in this study should help convince you it’s the right move.
Wondering what the DOL has up its sleeve for the remainder of 2014 – and how it’ll impact your Finance Department? Well, the agency recently offered a preview.
Looking for some proven ways to make sure employees’ 401(k) participation remains steady? Make sure your plan includes this option.
Delta Airlines recently became the latest organization embattled in a highly publicized retirement plan lawsuit over its allegedly excessive 401(k) fees. The sad part: The company could’ve avoided its fate by taking just a few extra steps.
When it comes to 401(k) investments, it’s likely your employees are relying more heavily on target-date funds.
If you were thinking of adding a target-date fund option to your 401(k) – or making these investments a more prominent part of your current plan – the findings in this study should help convince you it’s the right move.
It’s no longer about simply getting workers to enroll in the company’s 401(k) plan. These days, an increasing number of firms are altering plan options to help workers ramp up contribution levels.
The DOL has just issued its agenda for the rest of 2013, and it has some very ambitious plans — plans finance chiefs will want to pay close attention to.
As CFOs are well aware, the Department of Labor has said it plans to release a new rule on the definition of “fiduciary” as early as this fall. But if this bill passes, there’s little chance the agency will be able to do so.
Fiduciary risk has long been Finance chiefs’ top concern regarding their retirement plans. But it looks like fiduciary issues are keeping fewer of your peers up at night these days.
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