2101 Parks Avenue
Abstract: Most Millennials are not contributing at least 15% of their income toward their 401(k) plans, but a majority are moving in the right direction, a new study finds. Source: Planadviser.com
Abstract: Recognizing that a 3% default rate for 401k participation just isn't cutting it any longer, a growing number of employers are setting their default rates much higher. In fact, they're doubling that 3% figure. Source: Hrbenefitsalert.com
Abstract: A recent survey found that 26% of small business owners aren't confident about their retirement savings. Establishing a retirement plan is key to retirement confidence. Article provides some practical steps to move you towards establishing a retirement plan. Source: 401khelpcenter.com
Abstract: Defined contribution (DC) retirement plan participants strongly value their workplace retirement plan and would like to see their employers do more to help them save because, looking back on their savings history, they regret not doing more to prepare for retirement. These were the main findings of an American Century Investments survey of 1,504 full-time workers conducted by Matthew Greenwald in the first quarter. Sponsor: PlanSponsor
Abstract: Just one among the many difficult aspects of learning to run a retirement plan is coming to appreciate the sometimes subtle, but clearly critical, differences between a recordkeeper and a third-party administrator (TPA), a task made all the harder by the near-constant evolution in business models, technology and client service preferences. Article reviews the differences and why plan fiduciaries turn to TPAs for help with plan design and administration. Source: Plansponsor.com
Abstract: Because of a number of factor including the recent class action lawsuits and a new focus by the Department of Labor and Internal Revenue Service on a number of issues including fees, plan sponsors need to be more vigilant. They also should take proactive steps to ensure that all plan fiduciaries have a good understanding of their obligations in overseeing the company's retirement plans. Here is a general overview of fiduciary duties and responsibilities. Source: 401khelpcenter.com
Abstract: T. Rowe Price Retirement Plan Services, Inc. has released the latest version of Reference, an annual benchmarking report based on T. Rowe Price's full service recordkeeping client data. This report provides plan sponsors the ability to review retirement plan trends and plan participant behavior patterns to help them make more informed plan decisions. Source: 401khelpcenter.com
Abstract: Today's workers are grappling with retirement security and challenged by the wobbly three-legged stool comprising Social Security, employer-sponsored retirement benefits and personal savings. Transamerica Center for Retirement Studies has released new research evaluating the retirement outlook of American workers by generation. Source: 401khelpcenter.com
Abstract: J.P. Morgan Asset Management today released proprietary findings from its fourth research study of plan participants. The resulting white paper, "Guiding Participants from Intent to Action: 2016 Defined Contribution Plan Participant Survey Findings," reveals: Many participants are still not confident in their approach to saving and investing. Source: 401khelpcenter.com
Abstract: Despite the plethora of recent headlines about excessive fee lawsuits, regulatory audits, not litigation, is cited as a key risk in a recent plan sponsor survey. Large plans appear to be particularly targeted, but a certain type of plan design seems to be drawing a particularly high level of scrutiny. Source: Napa-net.org
Abstract: â€œTo me, ERISA is an important regulatory framework for corporate and other plan sponsors to follow that mandates that such sponsors be prudent in administering such plans. Are governmental plans free from ERISA-like prudence requirements? Sponsor: PlanSponsor
Abstract: In a survey by Willis Towers Watson, nearly one third of the respondents reported that their retirement plans had been audited by the IRS or the Department of Labor. Roughly half of employers with at least 25,000 employees said they had been audited in the last two years. So why do we have so much difficulty convincing some plan sponsors and fiduciaries to prepare by reviewing their own plans first? Source: Cohenbuckmann.com
Shares of mutual funds and exchange traded funds are subject to investment risk, including possible loss of principal amount invested, and will fluctuate in value. You may receive more or less than you paid when you redeem your shares.
Investors should consider the investment objectives, risks, and charges and expenses of balanced funds, target date funds, lifestyle/lifecycle funds, and exchange traded funds carefully before investing. The prospectus contains this and other information about these investments. The prospectus is available from your financial advisor or fund company and should be read carefully before investing.
Please consult a financial, tax or legal professional for further information related to any of these articles.
Material prepared by Raymond James for use by its financial advisors.
The information on this page has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax or legal matters. These matters should be discussed with the appropriate professional.