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Is Your TDF Off Target!?

04/25/2019
By Jack Towarnicky

A cruise missile will invariably hit its target after traveling at subsonic or supersonic speeds covering 500 to more than 1,000 miles, despite the fact that it weighs up to 1,000 pounds1! As a plan fiduciary, what’s the accuracy of the target date investment you selected for your participants?

Join Ron Surz, president of Target Date Solutions and Neil Lloyd, partner of head US DC and financial wellness research at Mercer will present: “Target Date Funds: Should We Be Satisfied With What We Have?” at PSCA’s 2019 National Conference, April 30-May 1 in Tampa, FL. Read More >>


Marvel-ous! The HSA: A Retirement Superhero in Disguise

04/23/2019
By Jack Towarnicky

Better tax preferences compared to a 401(k)! Greater longevity protection than in a Roth IRA! Able to provide retirement income, cover acute care medical expenses and long term care in a single account! Up at your employer, look! It’s a medical plan! It’s a retirement savings plan! It’s a legacy plan! It’s an HSA!

Join Karen Rettger, president of Principal Resource Group, Mercedes Ikard, director of retirement planning at Atrium Health, Kenneth Forsythe, head of product strategy and development at Empower Retirement and Glen Kvadus, vice president at Optum Financial Services for trends in HSA product offerings, techniques, and lessons learned in positioning HSAs as long-term savings accounts and why health care integration shouldn’t be abandoned in the quest to fully deploy HSAs as the superheroes they are destined to be. Read More >>


Ready or Not!

04/17/2019
By Jack Towarnicky

Employers and workers struggle with deferred, delayed retirement decisions.

Join Patti Rowey, vice president at the Transamerica Center for Retirement Studies and Marc Howell, FSA, EA and vice president for custom retirement solutions at Prudential as they share their expertise on “Helping Workers With the Financial and Emotional Aspects of Deciding When to Retire” at PSCA’s 2019 National Conference, April 30-May 1 in Tampa, FL

Are you as surprised as I am about what legal “experts” think when it comes to how and when workers should retire?:

  • Saul Levmore and Martha Nussbaum, professors at the University of Chicago Law School, asserting that we should: “Amend current law to allow employers and employees to agree on a retirement age at the start of a new job. Read More >>

Investment Thrills & Chills – Volatility

04/16/2019
By Jack Towarnicky

The S&P 500 swung at least 2 percent on more than half of the trading days during the fourth quarter of 2018 – the most in any three-month period since 2011. “When things move a little bit up or down every day, that’s good,” Morgan Stanley’s Chief Financial Officer Jon Pruzan said in an interview. Read More >>


Financial Independence is the Greatest Civil Liberty!

04/10/2019
By Jack Towarnicky

To paraphrase President Kennedy, automatic features can be a rising tide that lifts all boats.

The title of this post comes from a presentation more than a decade ago given by Mellody Hopson of Ariel Investments.

A Mass Mutual study reminded me of that long-ago presentation when it described a study that reflected America’s cultural and economic diversity. Read More >>


401(k) Does Double Duty as a Holistic Financial Wellness Tool

04/04/2019
By Jack Towarnicky

Savvy Student Loan Debt Management as Part of Retirement Preparation

There has been much discussion about how student loan debt affects retirement preparation. Earlier in 2018, the IRS confirmed a solution for one plan to permit employer contributions based in part on student loan debt payments. Read More >>


What Were Participants Thinking, Anyway? Decumulation Behavior

03/26/2019
By Jack Towarnicky

An ever-increasing number of participants may not be thinking about what to do with their 401(k) assets after they retire – they may procrastinate, leave assets in the plan, and never make a decumulation decision!1

Join Suzanne Shu, associate professor of marketing at UCLA, at Read More >>


The Technologically Savvy 401(k) Plan In Your Future

03/19/2019
By Jack Towarnicky

PSCA’s 61st Annual Survey: 43.6 percent of plans use mobile technology!

PSCA’s 61st Annual Survey shows that 43.6 percent of surveyed employers offer plans that use mobile technology – a rate that has doubled since 2014.

An article reviewing a recent study by the Spectrem Group, reported as key findings:1 

  • More than 60 percent of plan participants own tablets and eight-in-10 DC retirement plan participants report using a smartphone with internet access and apps. Read More >>

Misbehaving Savings – Part 5 of 5

03/14/2019
By Jack Towarnicky

Responding to Intriguing Participant Requests
March 2006 – Second Class Compensation

During my three-plus decades in plan sponsor roles (1979-2010), I often studied workers’ savings elections and took the opportunity to frequently ask them to explain their contribution, investment and withdrawal decisions. Read More >>


Are You Still Avoiding Automatic Features!?

03/12/2019
By Jack Towarnicky

PSCA’s 61st Annual Survey: 61.2 Percent of Plans Deploy Automatic Enrollment

PSCA’s 61st Annual Survey showed that 61.2 percent of companies deploy automatic enrollment features, typically only limited to new hires. The goal is to boost participation in their 401(k) plan. Read More >>


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