TITLE

Workers Cut Back On 401(k) Savings

AUTHOR(S)
Marshall, Jeffrey; Heffes, Ellen M.
PUB. DATE
January 2004
SOURCE
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reports that due to the poor performance of investment markets, soft job prospects and the rising cost of health care an increasing amount of American workers are cutting back on their 401(k) plan savings. The news comes from a survey conducted by "PlanSponser" magazine which found that participation rates had dropped in all market segments while being most heavily concentrated in small and mid-sized plans. The article also discusses trends in companies matching dollars, the number of investing options offered by companies and the offering of company stock.
ACCESSION #
11853367

 

Related Articles

  • How Much Is In Your IRA?  // Retirement Market Insights;Feb2010, Vol. 6 Issue 2, p1 

    The article discusses the results of a study conducted by the Spectrem Group on the balance held within the individual retirement accounts (IRA) and 401(k) assets of Mass Affluent households in the U.S. It is shown that 80 percent of the respondents has a type of IRA account, such as a...

  • Plan Sponsors Should Optimize Retirement Readiness Efforts. Moore, Rebecca // Plan Sponsor News;2014, p47 

    The article discusses survey findings on the improvement of communications and plan designs of plan sponsors to boost the readiness of employees for retirement. Topics covered include more companies offering automatic enrollment, some are providing automatic escalation and finding the right...

  • Little changes in markets in wake of busy IRA season. Auer, Robert // Indianapolis Business Journal;5/7/2001, Vol. 22 Issue 8, p44 

    Focuses on the changes in the market following the last-minute contributions for individual retirement accounts (IRA) in the United States. Details on the versions of IRA; Number of households with IRA; Average asset for traditional IRA household owner.

  • Missouri starts 401(a) plan.  // Pensions & Investments;9/4/1995, Vol. 23 Issue 18, p35 

    Reports on the implementation of a 401(a) plan in Missouri starting January 1, 1996. Features of the defined contribution plan; Lack of enrolment process; Funding scheme.

  • Hanging on to rollover assets. Williamson, Christine // Pensions & Investments;11/13/2000, Vol. 28 Issue 23, p2 

    Reports projections on the flow of defined contribution plans to individual retirement accounts (IRA) according to money manager Cerulli Associates in Boston, Massachusetts. Influence of 401(k) plan providers on IRA platforms; Incubation for IRA market through 401(k) market; Discussion on...

  • Trustworthiness Trumps Other DC Adviser Satisfaction Factors. Manganaro, John // Plan Advisor News;10/25/2016, p1 

    The article informs that according to Market Strategies International's Cogent Reports trustworthiness is required in defined contribution (DC) industry and mentions the importance of trust during the individual retirement account (IRA) creation and rollover process.

  • Commonwealth Won't Offer Commission-Based Products for DC Plan Clients. Manganaro, John // Plan Advisor News;10/25/2016, p1 

    The article informs that commission based products are not offered to clients of defined contribution (DC) plan by the independent broker Commonwealth Financial Network that affected qualified plans and individual retirement accounts (IRA).

  • CALCULATING A SUSTAINABLE WITHDRAWAL RATE: A COMPREHENSIVE LITERATURE REVIEW. Salter, John R.; Evensky, Harold // Journal of Personal Finance;2008, Vol. 6 Issue 4, p118 

    Current trends in retirement savings exhibit a movement away from traditional employer-sponsored defined benefit pension plans to defined contribution plans. Of great issue to retirees and financial planners is the answer to the question, "how much can be withdrawn from a retirement account...

  • Sponsors See Need for Holistic Health and Retirement Benefits. Moore, Rebecca // Plan Sponsor News;2014, p1 

    The article discusses a survey conducted by investment management company Manning & Napier which reveals the interest of businesses in transitioning to a defined contribution (DC) plan for health benefits as well as retirement benefits. It includes comments of Shelby George of Manning & Napier...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics