401k plan advisors, sponsors and participants can now easily access a wealth of retirement-related knowledge and resources compiled by industry experts in one convenient, well organized location.
In an announcement earlier today, the Investment Company Institute unveiled FactsOnRetirement.org, a new website fully dedicated to communicating all of the ICI’s “in-depth research and data on the US retirement system” in one place.
Information located on the site also “takes on common misconceptions about retirement preparedness and provides tips for those who want to learn more about saving for retirement.”
“ICI has a team of experts dedicated to studying the US retirement system and FactsOnRetirement.org will help make their work more readily available and easily accessible to the growing body of academics, policymakers and the public who are engaged on this important issue,” Paul Schott Stevens, ICI president and CEO, said in a statement.
“Whether you’re new to the issue or a seasoned expert, we believe this site will be a valuable resource that shows how we can build on the strengths of the current system to enhance retirement savings—and security—in the United States.”
According to the announcement, FactsOnRetirement.org is broken down into four sections:
- Retirement by the Numbers guides users through ICI’s comprehensive research on the resources Americans have accumulated for retirement. As the site notes, total retirement assets have increased from $469 billion in 1975 to $28 trillion today—seven times as much per household, after inflation.
- Myth vs. Fact responds to common, misleading claims about the retirement system. For instance, ICI dispels the myth that most workers aren’t covered by a workplace retirement plan by showing that nearly three-quarters of individual filers with incomes of $20,000 or more, and joint filers with incomes of $40,000 or more, participate in retirement plans either directly or through a spouse.
- Tips for Savers offers a step-by-step explanation of how workers can better take advantage of workplace retirement plans, refine their investment approach, save outside of employer-sponsored plans and more.
- Additional Resources provides visitors with more extensive research and source materials that can be found at ICI.org and its sister sites.
FactsOnRetirement.org adheres to and expands upon ICI’s three-pronged mission, which entails “encouraging adherence to high ethical standards by all industry participants; advancing the interests of funds, their shareholders, directors and investment advisers; and promoting public understanding of mutual funds and other investment companies.”