WINDSOR, Conn., March 4, 2013 — Half of defined contribution (DC) participants do not know how much they pay in plan annual fees and expenses, unchanged by the implementation of fee disclosure regulations in 2012.
LIMRA Study: Many Americans Don't Fully Read Retirement Plan Disclosures; Few Know What Fees They Pay
WINDSOR, Conn., Aug 27, 2012- Two-thirds of Americans with defined contribution (DC) plans or IRAs admit to spending less than five minutes examining their retirement plan disclosures — one in five say they rarely or never read the disclosure paperwork at all.
Fee disclosure regulations brought changes to the retirement industry, but are they providing the desired results?
Quarterly Retirement Perspectives 2013: Defined Contribution Plan Participants and Fee Disclosure (2013, 1st quarter)
Do consumers know how much they pay in defined contribution fees? Did they notice the new fee disclosures? Find up-to-date consumers’ perspectives on retirement in this quarter’s summary.
Wondering how defined contribution plan participants will react to the new fee disclosure regulations?
New LIMRA research on DC plan fee disclosure was featured in an article by Christine Dugas of USA Today.
WINDSOR, Conn., April 18, 2013 —LIMRA research reveals that the majority of Generation X and Y consumers have little understanding of financial products and services and less than half make saving for retirement their top priority.
LIMRA Secure Retirement Institute: Three-Quarters of Employers Say Readiness is Key for Successful Retirement Benefits Program
WINDSOR, Conn., April 2, 2014 — Seventy-four percent of employers who offer a defined contribution plan in the United States believe their employees' retirement readiness is an important measure on whether their current retirement benefits program is a success.
WINDSOR, Conn., June 11, 2015—Nine in ten consumers who work with a paid financial advisor believe their advisor always puts their interests first, according to a new consumer study by the LIMRA Secure Retirement Institute.
Are ERISA 403(b) plans similar to their 401(k) counterparts? Discover the plan practices and trends of healthcare and higher education organizations.