Headlines about "Ret plans - info for employees"

Gathered from the web by the editors at BenefitsLink.com.
Welcome to the 401(k) Day 2008 Homepage
Excerpt: "401(k) Day is an annual celebration spotlighting the importance of employer-sponsored profit sharing and 401(k) plans. As retirement follows work, 401(k) Day follows Labor Day. In 2008, 401(k) Day is officially September 5, 2008, the Friday after Labor Day." (Profit Sharing / 401k Council of America)

Worker Finances Stretched Too Thin to Save, According to Survey
Excerpt: "The current economy has workers stretching their paychecks more than ever, according to a nationwide survey of over 7,192 workers by CareerBuilder.com. . . . Stretching their income leaves little room to save. A quarter of workers say they do not put any money aside for savings each month, and of those who do save, 34% set aside less than $100 a month and 18% save $50 or less. In addition, a third of workers say they do not participate in a 401k, IRA, or other retirement plan." (PLANSPONSOR.com; free registration required)

[Guidance Overview] Proposed Regs, Class PTE, Liberalize Exemption for Provision of Investment Advice to Self-Directed Plan Participants
Excerpt: "These proposals are intended to implement changes made to ERISA §408(b)(14) and ERISA §408(g) by the PPA. ERISA §408(b)(14) provides an exemption from certain prohibited transaction provisions in ERISA with respect to the provision of investment advice, and the direct or indirect receipt of fees or other compensation by the fiduciary adviser or an affiliate. ERISA §408(g) describes the conditions under which the investment advice-related transactions are exempt." (Wolters Kluwer)

[Guidance Overview] DOL Proposed Rules on Investment Advice Exemptions for 401(k) Plans and IRAs
Excerpt: "The proposed class exemption would provide relief for individualized investment advice to individuals following the furnishing of recommendations generated by a computer model (or, in the case of an IRA with respect to which modeling is not feasible, the furnishing of certain investment educational material)." (Deloitte via BenefitsLink.com)

[Opinion] What Financial Services Companies Are Doing to Protect the Retirement Assets of the Baby Boomers
Excerpt: "[F]orward-thinking insurers are looking for ways to mine the power of the Internet. A great example is Axa Equitable, which just unveiled MyRetirementShop.com, an exciting new retiree Web portal that demonstrates the power of thinking outside the box to cement your brand with the Boomers." (LOMA)

Women Should Lighten Equity Load, According to Study
Excerpt: "Due to their longer life expectancies, woman should allocate much less to equities than advisers normally recommend, according to an academic paper. Women should put 40% to 80% of retirement assets into lifetime income annuities, according to 'Lifetime Income for Women: A Financial Economist's Perspective,' a paper by David F. Babbel, professor of insurance and finance at the Wharton School of the University of Pennsylvania in Philadelphia." (Investment News; free registration required)

Social Security and Medicare and Americans' Confidence in Their Retirement Future
Excerpt: "Academics, policymakers and the media have been sounding alarms about shortfalls ahead for Social Security and Medicare for some time now. And many Americans have taken their warnings to heart, according to Watson Wyatt's 2007 U.S. Survey of Older Employees' Attitudes Toward Lump Sum and Annuity Distributions From Retirement Plans. Roughly 61 percent of older workers -- those 50 to 64 years old -- are not confident of receiving unreduced Medicare benefits, and 52 percent are not confident of receiving unreduced Social Security benefits, according to the survey." (Watson Wyatt Worldwide)

Pension Freezes Affect Mid-Career Employees While Retirement-Age Workers, Those in Their 20s Remain Relatively Safe
Excerpt: "[When companies freeze the pension plan for all workers, workers] get what they have already accumulated in the plan when they retire or leave the company. They just don't accrue any additional benefit going forward. When that happens, employees of different ages can be affected differently. For workers in their 20s, the change may not matter much. . . . Likewise, employees just a few years from retirement shouldn't be hurt too badly by a pension freeze. . . . It's mid-career workers in their 40s and 50s who suffer the most, financial counselors say. They don't have enough time to build up a sufficient balance in a 401(k), and they didn't accrue enough in the pension plan before it was frozen." (The Greenville News)

How to Retire Without Saving Millions
Excerpt: "If you want your retirement nest egg to last as long as you do, the general rule of thumb is that you should withdraw 4% of the initial value of your diversified portfolio, adjusted each year for inflation. With that rate, you can be fairly confident that you won't run out of cash before you leave this world. Only there's one small problem. That 4% rule means that for every $10,000 in income you're trying to replace, you'll need to have $250,000 worth of savings. To replace, say, a $40,000 salary, you'll have to amass a cool $1 million." (The Motley Fool)

Podcast: America's Retirement Challenge Roundtable Part 1, August 25, 2008
Roundtable Topic: How Secure will you be in your Golden Years? Excerpt: "This roundtable examines the critical planning which should be taken in early adulthood and throughout a lifetime of employment to prepare for the end of careers. It examines the financial tools needed to create long term financial security. The participants also discuss the policy role of advocacy groups for seniors." (Denver 2008 Convention Host Committee)

403(b) Participants Accumulate Less Retirement Savings than 401(k) Participants
Excerpt: "A new Spectrem Group report finds lower savings rates, fewer employer match contributions, and conservative investing habits could account for a lower accumulation of retirement savings for 403(b) plan participants when compared to their 401(k) counterparts." (PLANSPONSOR.com; free registration required)

Retiree Question About Leaving the Government's Thrift Savings Plan
Excerpt: "I am a Federal government retiree and 68 years old. I currently have $122,500 in my Thrift Savings Plan. I did not yet roll it into an IRA. What is a good company to roll the TSP into -- Vanguard? T Rowe Price? Fidelity? Which company might have the lowest fees? All three of the companies you mentioned would be solid choices. However, I would probably put in a plug for keeping your money where it is. The government's Thrift Savings Plan (TSP) is as close to perfect a plan as you will likely find." (The Boston Globe)

Some Early Retirees Have Second Thoughts
Excerpt: "Many older Boomers . . . say they're willing to accept a smaller payout in exchange for an opportunity to retire while they're still young enough to enjoy it. But recent retirees who had expected to supplement Social Security with their savings have seen their investments decimated by the stock market's nose dive. Their home equity has evaporated. And rising prices for gasoline, airfares and groceries threaten to shred their retirement budgets." (USA TODAY)

How America Saves 2008: A Report on Vanguard 2007 Defined Contribution Plan Data
Excerpt: "Illustrated with numerous charts and tables, this valuable reference tool provides an analysis of savings, investing, and account activity trends in Vanguard defined contribution plans. You'll also find useful insights on a variety of contemporary issues, including automatic or default plan features, target-date funds, and company stock." (The Vanguard Group)

Don't Plan Too Far Ahead for Retirement
Excerpt: "Many financial advisers tell clients to make long-term savings estimates for retirement. In theory, this encourages workers to save and invest on a consistent basis. But a new series of studies found that you should focus on saving for next month instead of the distant future." (U.S. News & World Report)

[Opinion] Baby Boomers Had Better Plan on Working Past Age 65; Procrastination and DC Plan Designs at Fault
Excerpt: "The inconvenient truth that most investors in their 40s and 50s need to hear is that no investment product can make up for decades of little or no saving. That is why baby boomers must stay in the 'accumulation phase' until they have achieved a minimum of 10 times their final salary." (Jane White in Investment News)

How Financial Literacy and Trust in Financial Institutions Affect 401(k) Savings Behavior
Excerpt: "With benefits such as a company match, it's hard to imagine employees walking away from the chance to contribute to a 401(k) plan. Yet many do. Sometimes their decision can simply be attributed to budget constraints or procrastination. Often, however, it goes much deeper. Literacy, Trust, and 401(k) Savings Behavior focuses on the issues of financial literacy and trust -- or the lack thereof -- in financial institutions. This research paper . . . represents the first attempt to examine how these issues affect 401(k) savings behavior." (The Vanguard Group)

[Opinion] The Provisions of PPA Dealing with Investment Advice Offered to Participants Under the Auspices of a Fiduciary Adviser
Excerpt: "Of course, the heart of the controversy lies in the potential, if not inherent, conflicts of interest that arise when advisers offer advice on investments that provide compensation to those same advisers. Some, of course, believe that those conflicts can never be surmounted, or at least that they cannot be surmounted by every adviser every time. Others believe that the problem can be overcome by a combination of process structure, disclosure, and oversight." (PLANSPONSOR.com; free registration required)

Successful Retirement More Than Investments
Excerpt: "The bottom line is that successful retirement -- at whatever age -- is about much more than one's stock portfolio. The conversation about retirement planning must move from one of just finances to one of how to achieve a desired lifestyle. Discussing and defining what we really want from our retirement lifestyle is critical, but in times of economic instability, boomers may have to revise their retirement goals and timelines and think creatively about how to achieve those goals." (IndyStar.com)

Know Your Rights under the Employee Retirement Income Security Act (ERISA)
Excerpt: "The types of claims discussed . . . are not intended to be an exclusive list of possible claims under ERISA, but rather, representative of some common claims. ERISA is a complicated area of federal law that provides very specific remedies depending on the type of violation alleged. An employee or former employee must also, in many cases, exhaust certain administrative remedies before bringing such a claim." (Hanlon Niemann)

The Real Reason to Invest for Your Retirement
Excerpt: "Your retirement is far more than simply no longer showing up to work. It's about having the freedom to do what you want in life, and enough control over your personal finances to enjoy that freedom. . . . The stronger your retirement nest egg, the easier it is to break free of the lifestyle trap that can otherwise handcuff you to a job you no longer love. Even better, thanks to something known as a SEPP (Substantially Equal Periodic Payments) plan, you can start withdrawing your retirement money early, without getting socked by penalties." (The Motley Fool)

Will People Be Healthy Enough to Work Longer? (PDF)
40 pages. Excerpt: "Using the National Health Interview Survey, this paper shows that healthy life expectancy increased by about three years over 1970-2000 for the average 50-year old man. This increase is largely the result of men moving up the education ladder, with minimal increases within educational groups. Moreover, major disparities in healthy life expectancy remain between those in the bottom and top quartiles of the population. And these disparities mean that a vulnerable portion of the population – perhaps those who most need to work longer – might not be able to extend their work lives." (Center for Retirement Research at Boston College)

The Housing Bubble and Retirement Security (PDF)
39 pages. Excerpt: "Using the 2004 Survey of Consumer Finances (SCF) this paper investigates the probability of households extracting home equity through an increase in housing-related debt, the probability that they use their housing-related borrowing for consumption, and finally the factors that determine the level of consumption spending out of their increased debt. The results show that while homeowners appear to take the present discounted value of future rents into account, many of them extracted equity and used it for consumption. A substantial proportion – perhaps 30 percent – of older households will be less secure in retirement because of the housing bubble." (Center for Retirement Research at Boston College)

How Much Do State Economic and Other Characteristics Affect Retirement Behavior? (PDF)
35 pages. Excerpt: " The results show that the state-level variables explain almost none of the variation in the probability of working or the expected retirement age . . . ." (Center for Retirement Research at Boston College)

Small Firms Beef Up Retirement Services for Employees
Excerpt: "It is no longer enough to simply give workers a vehicle by which to save. So some companies are turning to consulting firms that provide small businesses with services and tools to help workers better manage their investments -- for a fraction of the cost of doing it in-house." (The Wall Street Journal)

Principal Announces 2008 10 Best Companies for Employee Financial Security
Excerpt: "By providing financial security in what some are calling a recession, 10 growing companies have earned national acclaim for standing by their employees. An independent panel of benefits experts selected The Principal 10 Best Companies for Employee Financial Security -- 2008, in large part for finding ways to maintain and expand benefits rather than slash them." (PLANSPONSOR.com; free registration required)

Retirement Research Consortium Conference, Determinants of Retirement Security
The 10th annual conference of the Retirement Research Consortium (RRC), Determinants of Retirement Security, was held August 7-8, 2008, in Washington, DC. The target page includes links to the papers and presentations that are currently available. (Center for Retirement Research at Boston College)

A New Grad's Guide to Insurance
Excerpt: "If you want to save some money and protect what you've got (along with what you'll soon be earning), it's time to think insurance. You don't have to spend a bundle. Just putting a few bucks on the right kind of coverage can make a big difference in your life. And, with some jobs, it's just a matter of checking the right box on the benefits form." (FOX Business)

Retire Now, and Risk Falling Short on Your Nest Egg
Excerpt: "If you have just retired or are about to retire, your timing could not be worse. Leaving the work force just as markets stumble can do real damage to retirement savings. Your nest egg has shrunk just as you need to start withdrawing money from it; you are essentially locking in your losses. (And at the moment, sinking home values make matters even worse.)" (The New York Times; free registration required)

Aon Study Shows True Cost of Pre-Retirement Lifestyle in the Golden Years
Excerpt: "The 2008 Replacement Ratio Study, conducted by Aon Consulting and Georgia State University, shows the percentage of a worker's final annual salary that he needs to replace in order to keep the same standard of living in retirement. Financial planners can use this information to show their clients what they should be saving now and in the future based on their age, current salary, and other factors." (U.S. Insurance News)

Why Staggered Retirements Pay Off for Couples
Excerpt: "Here's a quick review of some factors that might make it worthwhile for couples to consider two separate retirement dates . . . ." (TheStreet.com)

[Opinion] The Stock Market, Returns, and Investing for Retirement
Excerpt: "Sometimes when I see a news story about the stock market that sounds either too ominous or overly optimistic, I ask myself what headline I might write instead. It usually goes something like this: 'In the long run, stock returns are likely to revert to historical averages.' It's not very snappy, sensational, or even very interesting. But it's a guidepost that you can stick to in both good markets and bad ... for the long term." (The Vanguard Group)

Health-Care Costs May Overwhelm Retirees's Retirement Finances
Excerpt: "The rising cost of health care is making it harder for Americans to put enough away for retirement, an academic report indicates. A study released . . . by Boston College's Center for Retirement Research found that when the costs of health care are considered, 28 percent of all workers incorrectly think they will have enough money for retirement. According to the center's National Retirement Risk Index, these people are actually 'at risk' and don't perceive the financial problems that lie ahead." (The Columbus Dispatch)

Fidelity Says Downturn Doesn't Stop Retirement Savings
Excerpt: "Most workers are not reducing their retirement contributions even though higher fuel and food prices have prompted them to cut spending in many areas, a leading retirement investment firm said Wednesday. Boston-based Fidelity Investments, the largest retirement plan administrator in the U.S., said an analysis of 16,723 corporate retirement plans indicated that contributions actually increased in the first half of this year." (BusinessWeek)

Do Households Have a Good Sense of Their Retirement Preparedness?
Excerpt: "This brief examines whether households have a good sense of their own retirement preparedness -- do their retirement expectations match the reality that they face? Do people 'at risk' know that they are 'at risk?'" (Center for Retirement Research at Boston College)

Replacement Ratio Study Shows the Impact on Workers Who Are Not Saving Enough for Retirement
Excerpt: "The 2008 Replacement Ratio Study, conducted by Aon Consulting and Georgia State University, details the percentage of one's final annual salary that needs to be replaced for a person to keep the same standard of living after retirement. This allows workers to determine what they should be saving now and in the future, based on age, current salary and other factors. For example, the study shows that a worker earning $50,000 at retirement will need to replace 81 percent of that amount annually to continue the same standard of living." (PRNewswire-FirstCall via COMTEX via MarketWatch)

[Guidance Overview] Estoppel -- ERISA Joins the List
Excerpt: "[T]he 3rd Circuit's decision last week in Pell v. DuPont (3rd Cir. 8/8/08) makes the point of how important it is for employers to be accurate in all of their communications to employees, particularly about retirement benefits. Given the number of times estoppel has been applied in other contexts just in the past year, . . . Pell highlights yet another area of exposure for employers that seems to be increasing." (Michael Fox via Jottings By An Employer's Lawyer)

Employers Boost 401(k)s to Meet Workers' Demand
Excerpt: "The trend of companies beefing up and expanding their 401(k) programs was underscored in a poll of senior finance executives from large companies nationwide, released Monday by the Charles Schwab Corp. The survey respondents were not disclosed but evidence of 401(k) upgrades abounds." (AP via The New York Times; free registration required)

Audio: Retirement Reality: The Facts and Fiction of Income Adequacy
Excerpt: "Listen to Hewitt's Webcast, 'Retirement Reality: The Facts and Fiction of Income Adequacy,' featuring [their] expert, Alison Borland, Hewitt's Defined Contribution Consulting Practice Leader. Alison and Hewitt thought leaders Rob Reiskytl and Barb Hogg discuss the current state of the retirement landscape, examine strategies that work, and present results from the Hewitt survey, Total Retirement Income at Large Companies: The Real Deal 2008." (Hewitt Associates)

Gender Disparities in Retirement
Excerpt: "Women worry more about their lives after work. And such worries may be valid. Because they live longer and earn less, they need to save more and invest more aggressively. But they're not -- and that's why HR leaders need to step in with help." (Human Resource Executive Online)

A Retirement Plan Where Everything Goes Wrong
Excerpt: "[The 'Retirement Income IQ' study conducted this year by the MetLife Mature Market Institute] shows Americans continue to underestimate how long they may live and how much money they'll need in retirement, and to overestimate, often by large amounts, how much they can safely withdraw from their savings." (Chicago Tribune)

Sustaining Income Through Retirement: Four Strategies for Retiring Clients
20 pages. Excerpt: "The objective of this paper is to potentially add to a financial professional's knowledge base by discussing and contrasting four strategies for turning retirement savings into a sustainable retirement income stream for their clients. To accomplish this, we will look specifically at the use of mutual funds with automated income payments, variable annuities with guaranteed minimum withdrawal benefits, income annuities, and combinations of mutual funds and income annuities." (The Principal Financial Group)

A Look at the Financial State of Gen X and Gen Y (PDF)
Excerpt: "One striking finding of this research is that many young adults have yet to align their actions with their financial values and goals. These young adults feel that they should be saving more, both in general and specifically for retirement. For example, they place high importance on workplace benefits, especially health insurance and retirement savings plans. Overwhelmingly, however, the majority believe they are not currently saving as much as they should. People in these younger generations tend to feel that assuming adult responsibilities, like purchasing a home and supporting a family, is more difficult for them than it was for prior generations. [Originally published March 2008.]" (American Savings Education Council / AARP via EBRI)

GM Set to Offer Pension to Younger Salaried Workers - Full Benefits Could Come at 58
Excerpt: "Salaried employees who have been briefed said GM appears to be planning to offer full pension payments and six months of separation pay to workers 58 and older with at least 10 years of service. Typically, workers must reach age 62 to qualify for 100% of their pensions." (Detroit Free Press)

A Guide to Starting Social Security Benefits
Excerpt: "When a person should begin taking Social Security retirement benefits is a critical question for planning one's retirement. This article explains the various factors at play in determining the optimum starting point, including: longevity considerations; spousal implications, whether for a previously employed or a previously unemployed spouse; the impact of post-retirement employment; the availability of health insurance prior to Medicare eligibility for the worker and the worker's spouse; alternative sources of retirement income, including distributions from retirement savings plan assets and lifetime liquidation of nonretirement assets (and the pertinent income tax ramifications); and anticipated investment strategies." (Social Science Research Network)

Boomers Running Out of Time to Save, According to Advisors
Excerpt: "Retirement planning was a top priority for 42% of 1,305 independent advisers polled by Curian Capital LLC, and a full 90% said they felt that a sizeable portion of their clients -- nearly 80% -- would not have adequate funds during retirement to meet their expected standard of living." (Investment News; free registration required)

More Employers Stepping Up to Provide Employees with Financial Education and Advice
Excerpt: "Employees are increasingly looking to the workplace as a source of financial and retirement-planning advice, recent survey data suggests. At the same time, many employers are surrendering their traditional skittishness about making such advice available -- in part for the same reason they had originally been reluctant to do so: Fear of litigation." (Human Resource Executive Online)

Who Needs More Steady Income in Retirement--And What Could Be Done About It? (PDF)
3 pages. June 10, 2008, presentation by Olivia S. Mitchell. (University of Michigan Retirement Research Center)

Before You Make Retirement Decisions, Make Sure You Understand the Lingo
Excerpt: "Understanding these terms can be crucial to your future. In the worst case, making a financial decision based on misunderstanding some of the jargon could detract from both your retirement income and the lifestyle you've dreamed about. A competent financial adviser will explain retirement planning terms to a client." (BusinessWeek)

Written Testimony on Spend-Down of Defined Contribution Assets at Retirement Before the 2008 ERISA Advisory Council, (PDF)
11 pages. Excerpt: "Over the next 18 years, about 78 million baby boomers will be retiring, many with large lump sums. Plan sponsors are beginning to raise concerns about the impact of this wave of retirees and Congress is also looking closely at the issue. To help address these concerns, Ann Combs, head of Vanguard Institutional Strategic Consulting, was among those invited to testify before the ERISA Advisory Council in Washington, D.C. In her testimony, Ms. Combs discusses several new options to help retirees generate income over their lifetimes and avoid premature depletion of their savings." (The Vanguard Group)

Senate Aging Committee Challenges TIAA-CREF and Fidelity Ads
Excerpt: "The problem, according to Sen. Herb Kohl (D-Wis.), chairman of the Senate Special Committee on Aging, is that the ads mislead people who are retiring that it is imperative for them to roll their [federal Thrift Savings Plan] money into an IRA, The Wall Street Journal reports. The reality, Kohl says, is that the TSP charges a mere 15 cents for every $1,000 in the plans, and that might be a better choice for investors." (Money Management Executive via On Wall Street)

Rockefeller Foundation's $70 Million Effort Seeks New Safety Net for Workers
Excerpt: "Out of such concern, the foundation has created the Campaign for American Workers, which has made 15 grants aimed primarily at restoring health and retirement security. Those grants, for instance, have gone to groups to develop affordable health coverage for workers under 35 and to increase retirement savings among African-Americans." (The New York Times; free registration required)

Retiring in Stages: Boomers Get More Options
Excerpt: "A study released Wednesday by Hewitt Associates found 61 percent of U.S. companies have or will develop programs that let workers retire in stages. The programs are intended to hold onto the experience of baby boomers, and ease the difficulty of replacing their skills. The study included 140 mid-size and large-size companies." (AP via The New York Times; free registration required)

Economically Squeezed Families Are Turning to Their 401(k)s to Make Ends Meet
Excerpt: "Given the significant downsides to 401(k)-type loans, why do people take them? Families take these loans because they are either uninsured or underinsured for the risks they face. Over the past few years, families looked for new ways to bridge the gap between slow income growth and rapidly rising prices, especially for houses, but also for food, energy, and health care. This search more often than not led them to household credit, but as families amassed ever-larger amounts of household debt they sometimes also sought out additional financial resources, such as their retirement plans." (Center for American Progress)

Gender Split on Retirement Worries
Excerpt: "The complexity of preparing financially for retirement can make anyone nervous -- but a new survey finds women are more worried than men about the challenges ahead, particularly inflation, health-care costs and outliving retirement savings." (The Wall Street Journal)

[Guidance Overview] Observations on DOL's Proposed Regs Governing Disclosure Requirements for Participant-Directed Individual Account Plans
Excerpt: "Some brief observations: (1) The regulations have a proposed effective date of January 1, 2009 and would apply to all participant-directed plans, regardless of whether or not they have sought to comply with ERISA section 404(c). (2) The DOL states its legal basis for issuing the regulations in the preamble . . . ." (Attorney B. Janell Grenier via Benefitsblog.com)

[Opinion] New 401(k) Participant Disclosure Rules Appropriately Kill Automatic Prospectus Distribution Requirement (PDF)
28 pages. Excerpt: "DOL recognizes that requiring the giving of prospectuses is still sensible, just not useful and probably even counterproductive when forced out to those who do not want them. The new 404a-5 rule therefore switches the prospectus requirement from 'push' to 'pull.' Under the new rules, fiduciaries need only give prospectuses when participants request them. . . . [F]iduciaries of participant-directed plans have an affirmative obligation to ensure participants have enough information to make informed decisions -- with prescribed format and content -- and 404(c) protection is not available unless this basic obligation is first met. When combined with the additional transparency initiatives DOL has already completed -- the new 5500 rules and the 408b-2 contract rules -- the new participant disclosures round out a sensible array of regulations . . . ." (Pete Swisher of Unified Trust Company, N.A.)

[Official Guidance] Text of Proposed EBSA Regs: Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans (PDF)
32 pages. (Employee Benefits Security Administration, U.S. Department of Labor)

Experts Ponder Implications of Longer Life Spans
Excerpt: "[In a session titled:] 'Implications of Longer Life Spans: What Does It Mean To Us?' presented at the recent Society of Actuaries (SOA) 2008 Living to 100 Symposium . . . experts were assembled to speak about the opportunities, pitfalls and challenges of aging from five differing stakeholder views: the individual, the employer, life insurance and annuity companies, long–term care insurance companies, and the health care system." (Society of Actuaries)

The U.S. Retirement Market, 2007 (PDF)
16 pages. Excerpt: "Employer-sponsored retirement plans play a key role in helping American workers accumulate retirement assets. The bulk (nearly two-thirds) of Americans' retirement assets is held in employer-sponsored retirement plans. Furthermore, a significant portion of assets held in Individual Retirement Accounts (IRAs) originated in employer plans and were then transferred (or 'rolled over') into IRAs." (Investment Company Institute)

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