We
offer these notes about pension and retirement planning to
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RETIREMENT PLAN DEVELOPMENTS
NEWSLETTER: July 2010
 Automatic Enrollment in 401(k) Plans Now Dominates at Large Employers
A majority of large employers now automatically enroll workers into their 401(k) plans, the nationís predominant vehicle for employees to save for retirement, according to a new survey. The survey also found that target-date funds are the most prevalent default investment option used for 401(k) plans.
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Employers with Defined Benefit Plans Face Complex Decisions
Employers who offer defined benefit pension plans have big decisions to make. The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, signed into law on June 25 by President Barack Obama, includes sorely needed funding relief for employers who offer defined benefit (DB) plans.
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Actuarial Study Sees Little Change Among Americans in Planning for the Future
While the economic downturn has affected employment and the way Americans manage their spending and saving, what hasnít changed is the level of retirement planning, or lack thereof. According to a new report, for both 2007 and 2009 almost one-third of pre-retirees stated that retirement will not really apply to them. Both pre-retirees and retirees say they plan to prepare for retirement risks, but little has changed in how they are addressing the gaps in strategies, such as concerns with protecting inflation from outpacing savings or the risk of outliving their assets. To read the complete story, sign
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