Stable value funds and money market funds are often compared in terms of their returns … but only one has had consistent performance over the long term.
The SECURE 2.0 Act of 2022 includes nearly 100 provisions (some required, some optional) related to retirement plans and IRAs that expand participant coverage, help participants preserve income and simplify plan rules and administrative procedures.
American workers are suffering from a decline in confidence that they will be sufficiently prepared for retirement — and they’re looking to their employers for help.
Plan sponsors often find the target date fund (TDF) selection process understandably daunting. Evaluating TDFs is a multi-faceted process that requires a deep dive into the four components of TDF design — glide path design, asset allocation, selecting underlying managers, and portfolio construction.
Retirement readiness is a major challenge for many plan participants. For plan sponsors, plan design is no longer about simply focusing only on helping participants build their savings. Providing participant income solutions in the decumulation stage is now equally important, especially because new research shows that many workers need help in this area.
Passive investing has become popular with defined contribution plans due to its low costs and ease of use. In addition, many DC plan sponsors tend to view offering passive funds as a means of preventing participant lawsuits. But fiduciary responsibility doesn't automatically equate to offering only the least expensive or most hands-off investment options.
A new income strategy from Voya Investment Management gives employers a tool to help plan participants meet their retirement spending needs and reduce their chances of running out of money.
Voya’s biannual defined contribution plan sponsor survey seeks to offer perspectives on sponsors’ priorities, the challenges they face, and the services they may need.
It is critical for plan fiduciaries to understand the differences in target date design in order to select the fund that best matches the needs and characteristics of their plan and its participants.