RetireReady Solutions Blog

Welcome to the TRAK Retirement Planning Blog.

Don't Settle for Auto Enrollment—Push for Higher Contributions

February 13, 2019 by Edward Dressel -

A 2018 study by J.P. Morgan shows that automatic enrollment increases the number of Americans saving for retirement. This is an important step in the right direction, but are they saving enough? The 401(K) market space has significant room for higher AUM and participant engagement. Ready! Fire! Aim? 2018, a J.P. Morgan report correlates current...

Showing Projected Monthly Retirement Income Increases Plan Contributions

October 02, 2018 by Edward Dressel -

Plan advisors are always looking for good ways to motivate participants to increase their retirement plan contributions. There are many tactics to accomplish this ranging from advisor-driven approaches such as providing personalized retirement projections to plan-centric approaches like auto-escalation. New research from LIMRA’s Secure...

Plan Sponsors Focus on Retirement Readiness - But is it Enough?

August 15, 2018 by Edward Dressel -

Plan sponsors are finally focusing on the metrics that will help their employees better prepare for retirement. In Fidelity’s ninth edition of its Plan Sponsor Attitudes survey the survey revealed that retirement readiness is now top of mind for plan sponsors. The top concern of plan sponsors in 2018 is “Is the plan effectively preparing...

Changing Trends in 401(k) Litigation

May 14, 2018 by Edward Dressel -

We read about lawsuits brought against plan sponsors with increasing regularity. As one reads the stories trends begin to emerge regarding the causes of these lawsuits. This month, the Center for Retirement Research at Boston College released a study documenting the causes and consequences of 401(k) lawsuits. With over 100 new 401(k) related...

   

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