Defined Contribution

For a large and growing number of individuals, target-date funds, monitored by plan fiduciaries and those that guide them, are likely to be an important aspect of building their retirement future.

Fidelity Investments casts light on how a slight increase in deferral can have a dramatic affect on a workers monthly retirement income.

More employers are offering retirement plans and a higher percentage of workers are participating.

As many as one in 10 workers would find their savings limited by the cap, even at the current, albeit historically low, discount rate of 4 percent, the EBRI said.

Plan sponsors say the reason they dont offer the latest options is that employees would be upset about not having control over their own finances.

A study of more than 1,000 401(k) plan participants by Charles Schwab found that 57 percent of participants wish there were an easier way to figure out how to choose the right 401(k) investments.