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.
401(k) Balances at Bank of America Spike 11% in Q3
Average balance now tops six figures after closing 2023 at $86,000
1 in 3 Guilty of Overspending in Retirement: EBRI
New Spending in Retirement study shows big increase in spending more than they can afford from first study in 2020
Boeing Holds Firm on No Return to Pensions in Strike Negotiations
Vote on latest deal—which doesn’t include restoration of pension plan—is set for Monday
Boeing Contract Vote Could Hinge on Improved 401(k) vs. Restored Pension
Aerospace giant sweetens offer to end strike with better 401(k) benefits but many Machinists holding out for unlikely return of pension plan
Plan Sponsors Show Rising Interest for Consultancy Services
A growing number of plan sponsors are also using 3(38) investment managers, finds Morgan Stanley
3 Ways Financial Guidance Adds Value for 401(k) Plan Participants and Employers
Tom Conlon of Morgan Stanley explains how advisors and sponsors can use financial guidance to drive 401(k) engagement
T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution
Managed Lifetime Income combines a managed payout investment from T. Rowe Price with a QLAC from Pacific Life
DC Participants Interested, But Skeptical, in Alternative Investments
Over half of respondents to a Schroders survey say they would allocate less than 10% of retirement assets to alternatives
Multiple Job Transitions Could Result in $300K Retirement Savings Loss
Forty-four percent of workers in a Vanguard dataset either increased or maintained their savings rate when switching employers
401(k) Participants Express Strong Interest in Guaranteed Lifetime Income
American Century survey finds 92% interested in using workplace accounts to generate income in retirement