Monthly Archives: October 2012

2013 Retirement Plan Limits

The Internal Revenue Service has announced cost of living adjustments for retirement plans for tax year 2013. Several plan limitations will increase for 2013. Continue reading

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2013 Q4 401(k) and benefits summary via Lockton

For the first time ever, retirement plan fiduciaries were required to receive a government-mandated summary of the fees charged to them by their 401(k) plan providers. Continue reading

Posted in Executive Benefits, Qualified Retirement Plans, Retirement, Retirement Plans

Private Health Exchanges

CFOs love predictable costs almost as much as lower costs. That’s a key selling point for private exchanges, which enable a defined-contribution approach to funding employee health benefits.
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Longevity risk brings insured products into retirement conversation

Corporations increasingly look to the expertise of insurers to manage longevity risk in the DB plans and begin to offer guaranteed lifetime income products within their DC plans. Continue reading

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Planning for Retirement? Don’t Forget Health Care Costs

A calculator developed by Putnam, called the Lifetime Income Replacement Tool, shows people not only how much they have saved but also how much they need to save depending on their health and where they plan to retire so they can live at their same income in retirement. Continue reading

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Third Quarter 2012 Market Update

Broad market benchmarks for third quarter 2012. Continue reading

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Do you need to raise your 401(k) contribution rates?

The Employee Benefit Research Institute instead suggests that setting a higher starting point for new 401(k) contributions – a default level of 6 percent of pay, rather than the lackluster but traditional figure of 3 percent – could actually make a difference when it comes to producing tangible retirement savings. Continue reading

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Rethinking Target Date Funds

In a new research paper he published yesterday, “The Glidepath Illusion,” he has blown this idea full of holes. “Shockingly,” he says, “the basic premise upon which these billions [of dollars] are invested is flawed.” Continue reading

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Health Costs Rise Sharply

With a sluggish economy, experts anticipated health care would grow more modestly. Analysts at the institute attributed the increase more to rising prices than increased utilization of the health care system Continue reading

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Should your trade your pension for a lump sun?

In the past, companies offered lump sums to older workers to entice them to retire early, and because in some situations, the payouts don’t have to include the full value of the pension. Continue reading

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