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A Bucket List for Retirement?

02/28/2019
By Jack Towarnicky

Buckets May Be An Unnecessary Impediment to Retirement Preparation and Spending

Bucket lists for retirement are not solely about places to see and things to do.1 Some financial experts recommend buckets for investment and spending in retirement2, others for investment and saving in preparing for retirement. Read More >>


Misbehaving Savings – Part 3 of 5

02/26/2019
By Jack Towarnicky

Responding to intriguing participant requests June 2007 
You Can Lead A Horse to Water, But…

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 Roth!?

02/21/2019
By Jack Towarnicky

 PSCA’s 61st Annual Survey 
Roth is available in 70 percent of surveyed plans!

Roth keeps rising: Pre-tax 401(k) contributions are available in 95 percent of surveyed plans; the rest are traditional profit-sharing plans. And, Roth is now available at 70 percent of surveyed plans, among all sizes of employers – a significant increase compared to 2016, especially among plans with fewer than 50 employees – up from 55. Read More >>


Is Your Aim True?

02/15/2019
By Jack Towarnicky

In accounting, one will “true up” an estimated revenue to equal the actual amount.

In cycling, you true a wheel by adjusting the spokes to make it perfectly circular in relation to the hub – with no “flat spots.”

Some retirement savings plan designs do not provide the same employer financial support if contributions vary throughout the year. Read More >>


But I Repeat Myself – You Should Offer a Fully-Insured, Retiree-Pay-All, Employer-Sponsored, Medicare Advantage Option to Retirees

02/07/2019
By Jack Towarnicky

Yes, yes, yes … offer both an HSA-capable option to workers1 and a Medicare Advantage option to retirees.

While many American workers live paycheck to paycheck, almost all can afford to contribute to the employer sponsored retirement savings plan and to a health savings account. Read More >>


Misbehaving Savings – Part 2 of 5

02/06/2019
By Jack Towarnicky

Responding to Intriguing Participant Requests: June 1988 – But What About the Penalty Tax?

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 >>


Were You Generous or Are Company Contributions Part of Your Total Rewards Strategy?

01/31/2019
By Jack Towarnicky

From PSCA’s 61st Annual Survey:  Company contributions are at a new high following the Great Recession – 5.1 percent. 

PSCA 61st Annual Survey results show that company contributions as a percentage of payroll have more than fully recovered after declines experienced during and following the Great Recession. Read More >>


But I Repeat Myself Again: Sidecar = Suboptimal Part 2

01/28/2019
By Jack Towarnicky

Specific purpose savings “solutions” are suboptimal.1

Many workers live paycheck-to-paycheck. Many are unable to cope with any variability in expenses and/or income. When monies are set aside for specific purposes, too often what remains are unpaid bills or high-cost debt. Read More >>


Misbehaving Savings – Part 1 of 5

01/17/2019
By Jack Towarnicky

Responding to Intriguing Participant Requests
Oct. 20, 1987 – I’m Too Late?

During my more than three 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 >>


Workers Got the Hints, Felt the Nudges – Part 1

01/15/2019
By Jack Towarnicky

PSCA’s 61st Annual Survey
The First Time the Average Contribution Percentage Exceeded 7 Percent


The average deferral percentage in PSCA’s 61st Annual Survey was 7.1 percent. Why the increase? Survey data confirm:

  • Increases in new hire automatic enrollment,
  • Higher default contribution percentages when deploying automatic features, and
  • Increases in automatic escalation. Read More >>

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