Browsing Tag
Defined Contribution Plan (DC Plan)
412 posts
A defined contribution (DC) plan is a type of retirement plan where the employer, employee, or both, make regular contributions to individual accounts for each participant. The final benefit amount depends on the contributions made and the investment performance of those contributions, rather than being predetermined. Common examples include 401(k) plans and 403(b) plans.
Record High Number of 401(k) Millionaires, Average Account Balances at Fidelity
Q3 2024 Retirement Analysis finds Gen X savers make impressive gains; 2.2 million participants now have auto portability access
Employees Face Financial Anxiety in the Workplace
Gen Zers reported having the highest level of financial anxiety at work, reports Betterment at Work
Only 1 in 4 Using Systematic Approach to 401(k) Decumulation
New study from IRALOGIX examines challenges of managing withdrawals; finds half of participants get little to no guidance from 401(k) providers
Auto Portability Adoption Surges with Portability Services Network Launch
More than 15,000 defined contribution plans have signed up during network’s first year
Following the Pandemic, Retirees Continue to Face Retirement Insecurity
Retirees are still recovering their savings from the COVID-19 pandemic in 2020, finds TCRS
Informational Copies of 2024 Form 5500 Now Available
EBSA joins IRS, Pension Benefit Guaranty Corp. in releasing informational copies and instructions online
GreenPath 401k Debuts as ‘First Fully Vetted and Transparent’ Retirement Plan for Legal Cannabis Industry
Green Leaf Business Solutions taps First Citizens Bank as Custodian to bring top-tier 401(k) plans to legal cannabis operators
ESG Adoption Gradually Increases in 2023
Numbers are still lower compared to 2021's high adoption rate of 49%, finds Callan
New Future Capital Partnership Targets Held-Away 401(k) Assets
Deal with SS&C's Black Diamond Wealth Platform integrates customized 401(k) solution for Registered Investment Advisors
Retirement Plan Participants Want More in Digital Experiences
Still, a Corporate Insight report finds that 87% of plan participants are “somewhat satisfied” or “extremely satisfied” with their provider