Download or read book Gao 07 21 Private Pensions written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-29 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-07-21 Private Pensions: Changes Needed to Provide 401(k) Plan Participants and the Department of Labor Better Information on Fees

Download or read book Private Pensions written by Barbara Bovbjerg and published by DIANE Publishing. This book was released on 2010-02 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dramatic decline in the stock market has diminished pension savings and reportedly led to low levels in older Americans¿ confidence in their ability to retire. Even before the current economic recession, research indicated that pension benefits are likely to be inadequate for many Americans. This report addresses the following questions: (1) What are key risks faced by U.S. workers in accumulating and preserving pension benefits? (2) What approaches are used in other countries that could address these risks and what trade-offs do they present? (3) What approaches do key proposals for alternative plan designs in the U.S. suggest to mitigate risks faced by workers and what trade-offs do they entail? Charts and tables.

Download or read book Private Pensions written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2009 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: American workers increasingly rely on 401(k) plans for their retirement security, and sponsors of 401(k) plans -- typically employers -- have critical obligations under the Employee Retirement Income Security Act of 1974 (ERISA). When acting as fiduciaries, they must act prudently and solely in the interest of plan participants and beneficiaries. This report examined: (1) common 401(k) plan features, which typically have important fiduciary implications, and factors affecting these decisions; (2) challenges sponsors face in fulfilling their fiduciary obligations when overseeing plan operations; and (3) actions labor takes to ensure that sponsors fulfill their fiduciary obligations, and the progress the Dept. of Labor has made on its regulatory initiatives.

Download or read book Private Pensions written by Barbara D. Boubjerg and published by DIANE Publishing. This book was released on 2007-07 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 20 years there has been a shift in the types of pension plans employers are offering employees. Employers are increasingly moving away from traditional defined benefit plans to the 401(k). Specific info. about the plan & plan options becomes more relevant than under defined benefit plans because participants are responsible for ensuring that they have adequate income at retirement. While info. on historical performance & investment risk for each plan option are important for participants to understand, so too is info. on fees because fees can significantly decrease participants¿ retirement savings over the course of a career. This testimony focuses on: trends in the use of 401(k) plans; & the types of fees assoc. with these plans. Illus.

Download or read book Private Pensions Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans written by Charles A. Jeszeck and published by DIANE Publishing. This book was released on 2009-06 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of available data on pension consultants and plans revealed a statistical association between inadequate disclosure and lower investment returns for ongoing plans, suggesting the possible adverse financial effect of such nondisclosure. The econometric analysis detected lower annual rates of return for those ongoing plans associated with consultants that had failed to disclose significant conflicts of interest. These lower rates ranged from a statistically significant 1.2-1.3 % points over the 2000-04 period. The avg. returns for ongoing plans that used consultants who failed to disclose significant conflicts was 3.2-3.3% for the period. This finding suggests the importance of detecting the presence of conflicts among pension plan consultants. Illus.

Download or read book Private Pensions Information That Sponsors and Participants need to Understand 401 k Plan Fees written by and published by DIANE Publishing. This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Private pensions increased reliance on 401 k plans calls for better information on fees testimony written by and published by DIANE Publishing. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Employer Sponsored Health and Retirement Benefits written by Barbara Bovbjerg and published by DIANE Publishing. This book was released on 2007-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many U.S. workers receive health & pension benefits from employers, & the cost of these benefits represents a growing share of workers¿ total compensation. Employers have made changes to control these rising costs, contending that these changes will allow them to remain competitive in an increasingly global market. This report examines the practices employers are using to control the costs of benefits. To evaluate changing employer benefit practices & their implications, the author examined: (1) current & emerging practices employers are using to control the costs of health care benefits, & retirement benefits; & (2) employers¿ workforce restructuring changes. Charts & tables.

Download or read book Retirement Income written by Charles Jeszeck and published by DIANE Publishing. This book was released on 2012-10-07 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: As life expectancy increases, the risk that retirees will outlive their assets is a growing challenge. The shift from defined benefit (DB) pension plans to defined contribution (DC) plans also increases the responsibility for workers and retirees to make difficult decisions and manage their pension and other financial assets so that they have income throughout retirement. This report reviewed (1) strategies that experts recommend retirees employ to ensure income throughout retirement, (2) choices retirees have made for managing their pension and financial assets for generating income, and (3) policy options available to ensure income throughout retirement and their advantages and disadvantages. The report interviewed experts about strategies retirees should take; analyzed nationally representative data and studies about retirees' decisions; and interviewed experts and reviewed documents about related policy options. Figures and tables. This is a print on demand report.

Download or read book Private Pensions 401 k Plan Participants and Sponsors Need Better Information on Fees written by and published by DIANE Publishing. This book was released on 2007 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 401 k Plans written by Charlie Jeszeck and published by DIANE Publishing. This book was released on 2011-05 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent volatility in financial markets highlights the need for prudent investment decisions if 401(k) plans are to provide an adequate source of retirement income. While plan sponsors and participants may receive help in assessing their investment choices, concerns have been raised about the impartiality of the advice provided. This report describes circumstances where service providers may have conflicts of interest in providing assistance related to the selection of investment options for: (1) plan sponsors; and (2) plan participants; and (3) steps the Dept. of Labor has taken to address conflicts of interest related to the selection of investment options. Includes recommendations. Charts and tables. This is a print on demand report.

Download or read book Private Pensions written by United States. General Accounting Office and published by . This book was released on 1991 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Employersponsored health and retirement benefits efforts to control employer costs and the implications for workers report written by and published by DIANE Publishing. This book was released on with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Private Pensions written by Charles A. Jeszeck and published by DIANE Publishing. This book was released on 2011-08 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite sizable tax incentives, private pension participation has remained at about 50 percent of the workforce. For those in a pension plan, there is concern that these incentives accrue primarily to higher income employees and do relatively little to help lower income workers save for retirement. This report examined: (1) recent trends in new private pension plan formation; (2) the characteristics of defined contribution plan participants contributing at or above statutory limits; (3) how suggested options to modify an existing credit for low-income workers might affect their retirement income; and (4) the long-term effects of the recent financial crisis on retirement savings. Charts and tables. This is a print on demand report.

Download or read book Retire Ready written by Terri McGray CFP® AIF® and published by Archway Publishing. This book was released on 2019-03-08 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: When you offer your employees a 401(k) plan, you can’t just say “good luck” and expect success. Only a generation ago, employers provided pension plans that guaranteed employees a retirement income for life. Workers had to do little more than show up for work every day to earn benefits. Today, the responsibility has shifted. Workers are more responsible for their future than ever, yet they are ill prepared for the complexity of the issues that face them. It’s no easy task to prepare for retirement while juggling today’s financial demands. American’s are worried about their retirement, and with good reason. Longevity, market risks, taxes, uncertainty with Social Security, inflation, and soaring health care costs are a real concern. The lack of retirement readiness in the United States is troublesome. Terri McGray, CFP®, AIF® founder of Longevity Capital Management LLC, draws on thirty years of retirement expertise to help employers learn how to: • Reduce financial stress in the workforce • Support retirement readiness • Inspire and motivate action • Minimize costs and expenses • Lessen the workload and mitigate liability With easy-to-follow steps, Retire Ready will help you get your employees on the path towards retirement readiness.

Download or read book Private pensions topheavy rules for ownerdominated plans report to the chairman Special Committee on Aging U S Senate written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Benefit Guaranty Corporation written by United States. Government Accountability Office and published by DIANE Publishing. This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: