401(k) – CORPaTH

30 11, 2022

Trump Loses His Clutch on Your 401(k) in Department of Labor Ruling

CORPaTH2022-11-30T16:24:08-08:00November 30th, 2022|Categories: 401(k), ESG|Tags: 401(k), esg|

By Eric Reed Source: Yahoo! Finance The new rule is written broadly, which means that it may let employers explore several different categories of investing. But it specifically aims to create more opportunities for ESG, or "Environmental, Social and Governance," investing. Otherwise known as impact investing, these are portfolios that invest around specific social and political goals. For example, a portfolio may explicitly choose not to invest in fossil fuels and dirty industries, or it may proactively invest in [...]

25 01, 2022

DC Plans: Cost Savings After All?

CORPaTH2022-01-25T10:59:49-08:00January 25th, 2022|Categories: 401(k)|Tags: DC Plans|

By John Iekel Source: American Society of Pension Professionals & Actuaries Defined contribution plans have outstripped defined benefit plans in number of accounts, assets, employers offering them and participants. But a recent study that examines the cost of both kinds of plans challenges the notion that bigger is synonymous with better. In “A Better Bang for the Buck 3.0: Post-Retirement Experience Drives Pension Cost Advantage,” National Institute for Retirement Security (NIRS) Executive Director Dan Doonan and Pension Trustee Advisors [...]

20 01, 2022

Pension plans cheaper overall than 401(k)s, researchers find

CORPaTH2022-01-20T10:47:21-08:00January 20th, 2022|Categories: 401(k), Defined Benefit Plans|Tags: 401(k), DB Plans|

By Emile Hallez Source: Investment News A pension research group has a message for employers: The switch from defined-benefit plans to 401(k)s has made retirement saving more expensive. That conclusion takes into account the costs borne by both employers and employees. Switching to a defined-contribution plan can of course save companies money, but the overall cost of the benefit increases, according to the National Institute on Retirement Security. The nonprofit this month published its third iteration of a paper [...]

5 11, 2021

Workers will soon find out how much guaranteed income their 401(k) could deliver in retirement

CORPaTH2021-11-05T16:48:56-07:00November 5th, 2021|Categories: 401(k)|Tags: 2019 Secure Act, guaranteed income|

By Sarah O'Brien Source: CNBC It can be tricky figuring out how much income your retirement savings actually could deliver in your golden years. That may now become easier. As mandated in the 2019 Secure Act, 401(k) plan administrators will start providing illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income you could potentially get if the balance were annuitized. “The general intent here is to educate plan participants about how much their [...]

13 10, 2021

Plan Sponsors Want Guaranteed Lifetime Income Options

CORPaTH2021-10-13T10:09:30-07:00October 13th, 2021|Categories: 401(k)|Tags: guaranteed lifetime income, secure act|

By Brian Anderson Source: 401K Specialist According to new research released today by Allianz Life, retirement plan sponsors “overwhelmingly” see the value of guaranteed lifetime income options—and are now ready to begin offering these new choices in their plans almost two years post-SECURE Act. According to the new data, plan sponsors indicated that they believe offering a guaranteed lifetime income option is a wise move that will go over well with plan participants. Of those surveyed, 87% of plan sponsors believe [...]

30 08, 2021

Why the 401k Fails and What A ‘Better’ System Looks Like, According to Teresa Ghilarduci

CORPaTH2021-08-30T08:31:42-07:00August 30th, 2021|Categories: 401(k)|

By John Sullivan Source: 401K Specialist Teresa Ghilarducci once called the 401k an immature, underdeveloped child that needs help over a mudpuddle to the curb when crossing a street. While we disagree, we love the imagery. A labor economist and nationally recognized expert in retirement security with The New School for Social Research, Ghilarducci is a consistent and prolific advocate for a better system, however defined. Read the full article

30 08, 2021

40% of 401(k) participants say fees a mystery, GAO reports

CORPaTH2021-08-30T08:29:09-07:00August 30th, 2021|Categories: 401(k)|Tags: Department of Labor, Government Accountability Office|

By Brian Croce Source: Pensions & Investments Almost 40% of 401(k) plan participants do not fully understand the fees they are paying, a Government Accountability Office report released Thursday found. Moreover, 41% of participants incorrectly believe that they do not pay any 401(k) plan fees, according to the report. The Department of Labor requires plans to provide participants with fee disclosures, but GAO found that 45% of participants are not able to use the information in disclosures to determine [...]