9/13/2016 – A critical missing piece in 401(k) plans

Sep 13, 2016 Comments Off by

Recent studies conducted by the Stanford Center on Longevity (SCL) and the Society of Actuaries (SOA) show how employer-sponsored 401(k) plans and their advisers and administrators can use their resources to construct a menu of diversified retirement income options.One important conclusion from the SCL/SOA studies is that 401(k) plan sponsors have the potential to increase their participants’ retirement incomes by 5 percent to 20 percent by offering retirement income programs with institutional pricing instead of the standard retail pricing individuals might have to pay on their own.

Read the full article by Center on Longevity Research Scholar Steve Vernon at CBS MoneyWatch.

Center, Financial Security 2016, Longevity News 2016

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