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New 403(b) survey finds most organizations staying the course with retirement plans despite COVID-19
Pandemic’s economic effect on plans more pronounced in health care and education sectors.
The vast majority (83.6%) of non-profit organizations with 403(b) plans are holding steady and not changing their contribution levels despite the financial pressures of the COVID-19 pandemic, according to a new Plan Sponsor Council of America (PSCA) snapshot...
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Survey also finds gaps in cybersecurity awareness
(Des Moines, Iowa) – For the first time ever, organizations that provide 403(b) plans reported that retirement planning, rather than increasing participation, is their top focus for employee education, according to the 12th annual 403(b) Plan Survey from the Plan Sponsor Council of America (PSCA)....
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New campaign uses comic strips to illustrate the importance of updating those beneficiary forms
The Plan Sponsor Council of America (PSCA) has unveiled an exciting new campaign to help plan sponsors educate participants about the importance of making sure their retirement savings take care of their loved ones if they can’t – by making sure their...
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PSCA’s 2nd annual HSA survey finds design improvement amid continuing concerns.
Arlington, VA (August 20, 2020) – More than half of employers (51.5%) now position the Health Savings Account (HSA) as a retirement savings vehicle according to the Plan Sponsor Council of America’s second annual HSA benchmarking survey, sponsored by Empower Retirement...
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A new whitepaper finds that use of fixed income options in 401(k) plans has not kept pace with workplace trends.
Traditionally, fixed income investments have been used to reduce a portfolio’s overall volatility to an acceptable level without significantly reducing returns – but that objective may require reconsideration amidst today’s diverse,...
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Despite COVID-19 concerns, most employers continue to make contributions – and few participants are taking loans or withdrawals.
Arlington, VA (June 25, 2020) – During a period of unprecedented economic turmoil and uncertainty, most employers are continuing to contribute to their retirement plans while making adjustments to help participants...
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PSCA and NAPA surveys find gaps in focus, diversification, prioritization in menu review and construction.
In the midst of historic market volatility, a new survey of retirement plan sponsors and financial professionals reveals gaps in focus - and perception – about the role of fixed income investments in a fully diversified 401(k) menu.
“Plan...
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Former Assistant Secretary of Labor recognized for career-long commitment to preserving retirement savings.
Former Assistant Secretary of Labor Phyllis Borzi has been awarded the Plan Sponsor Council of America’s prestigious Lifetime Achievement Award for 2020.
From 2009 to 2017 Ms. Borzi was head of the Department of Labor’s Employee Benefits...
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Exemplary retirement plan education campaigns honored in 11 categories.
Arlington, VA, (May 14, 2020) – The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), today announced the winners of its 2020 Signature Awards competition. PSCA is the leading association of defined contribution plan sponsors in the U....
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New survey finds a gap between large and small employers in adopting the optional distribution and loan provisions of the CARES Act, and in decisions regarding suspending matching contributions.
Arlington, VA (April 14, 2020) - Just two weeks after the enactment of the Coronavirus Aid, Relief, and Economic Security Act (CARES), a plurality of...
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