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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 >>


Got Hacked?

03/11/2019
By Jack Towarnicky

Can you answer that question? Are you watching the news?1 Note that the cybersecurity threats to your retirement savings plan have shifted and mutated. In the past, plan sponsors and service providers focused on data breaches, but that’s too late! All those breaches mean your participants’ retirement plan data is out there and available to be exploited. Read More >>


Misbehaving Savings – Part 4 of 5

03/07/2019
By Jack Towarnicky

Responding to Intriguing Participant Requests
Nov. 2008 – Fee Disclosure Follies

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 >>


Target-Date Investments

03/06/2019
By Jack Towarnicky

Transparency Has Significant Value

Sway Research reported that assets under management (AUM) for target-date investments expanded in 2018 - mutual fund solutions declined 1.9 percent while collective investment trust (CIT) solutions increased 6.1 percent, leading to overall growth in target-date solutions from $1. Read More >>


Tools, Techniques, Takeaways – Building A Better Retirement

03/04/2019
By Jack Towarnicky

PSCA's 2019 National Conference, April 30-May 1, Tampa, FL 

It seems like only yesterday that we gathered at the 2018 PSCA National Conference: Your Oasis in the Retirement Plan Landscape.

I am biased, but I and many other plan sponsor attendees felt that PSCA’s 2018 conference was one for the record books. Read More >>


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