Posts Tagged ‘retirement plans’
Why Clients Should Care About Employees’ Retirement Plans
The fact that defined benefit plans have become increasingly rare does not mean that company retirement plans are less important to employees. In decades past, workers built retirement savings by paying down the mortgage balance on their home, putting money in savings bonds and building up cash values in their life insurance policies. Although it [...]
Employers Expressing Doubt in Retirement Readiness of 401(k) Plan
The Towers Watson survey of 371 U.S. employers that offer a 401(k) plan as their primary DC retirement plan found that more than half of respondents (56%) reported employee participation levels at or above 80% this year, compared to 50% two years ago. The higher participation rates are primarily the result of employers using automatic enrollment, [...]
Retirement Plans for Refs: The Real Reason for NFL Lockout
The real sticking point between NFL referees and league officials was the National Football League’s desire to begin transferring the officiating personal from defined benefit to defined contribution plans. The referees objected, and pointed to the amount of revenue generated each year by the gridiron industry in their fight to keep the defined [...]
