Few sponsors test for employee retirement readiness, study shows
They know employee retirement plans need to assist with retirement readiness, but sponsors aren't testing those plans.
By Nick Thornton |
Updated on May 26, 2016
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
A new study from American Century suggests sponsors may be speaking out of both sides the their mouths.
Overwhelmingly, sponsors say it is very important to support participants’ quest for a secure retirement. Of the nearly 500 sponsors American Century surveyed—none had more than $250 million in plan value—91 percent say they are conscious of employees’ retirement readiness.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
Mistakes happen in retirement plan administration, but they can cost you time, money, and trust. This guide will help identify and resolve 401(k) errors quickly to save significant costs and maintain compliance.
As obesity rates soar and new treatments like GLP-1s emerge, understanding coverage options has never been more critical. This guide can help you navigate the complexities of obesity treatment to find an effective, sustainable solution for your clients.