Browsing Tag
Defined Contribution Plan (DC Plan)
398 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.
Voya Passes $100 Billion Milestone in Multiple Employer Solutions
Growth across MEPs, PEPs and other customized solutions helps recordkeeper to 15% year-over-year increase in total assets
Public Worker DC Balances, Contributions Grew Steadily Despite Pandemic
New report on activity from 2019-2021 shows continual increases in both metrics for public sector defined contribution participants
401(k) Participation ‘Significantly Lowers’ Risk of Retirement Shortfalls: Morningstar
New model predicts 45% of American households will run short of money in retirement
401(k) Participants Demand Retirement Income Support, Financial Wellness
Almost all respondents in a new J.P. Morgan Asset Management survey express interest in retirement income tools
EBRI Finds ‘Substantial Growth’ in Retirement Plan Ownership, Assets
Percentage of families with assets in a plan increased 4% from 2019 to 2022 while total plan balances increased by 15%
5 Key Findings from Alight’s 2024 Universe Benchmarks Report
Improvements in 401(k) participation, savings rates and average balances among new report’s highlights
Americans Want $1.2M to Retire Comfortably
Yet, the Schroders report finds that almost half of investors expect to have $500,000 in retirement savings
Gen Xers Nearing Retirement Report Median Savings of $50k
The new report by Prudential underscores the lack of financial and retirement support Gen Xers experience
How America Saves? At a Record Pace in 401(k), Vanguard Finds
Report out today shows 401(k) participants continued to save at the highest level ever in 2023, thanks largely to auto-enrollment bumping participation rates
Defending the 401(k)
While attacks on defined contribution plans have ramped up significantly in the past year, advocates for workplace retirement plans are stepping up to counter their claims