One in Four Older Workers Have No Plan for Their DC Plan Assets Once Retired
WINDSOR, Conn., Feb. 18, 2014 — A new LIMRA Secure Retirement Institute (LIMRA SRI) study found that 27 percent of U.S. workers, ages 55-64, say they do not know how they will use their defined contribution (DC) plan savings after they retire.
LIMRA Secure Retirement Institute: Most Plan Participants Who Rollover DC Assets into IRA Seek Advice
Better returns, consolidation of assets and more control drive decision to rollover into IRA
DC Plan Providers Go Mobile
Two-thirds of defined contribution (DC) plan providers have launched mobile initiatives focused on plan participants, with more companies planning them, according to a new LIMRA research report, Moving Ahead With Mobile: Mobile Technology Initiatives Among Defined Contribution Plan Providers (2012).
In-Plan Guarantees Grow in Number and Assets in 2013
As awareness grows for the importance of income in retirement, in-plan guarantees are growing in number and in assets.
Majority of Workers Feel Responsible To Save For Their Retirement
WINDSOR, Conn., July 14, 2014 — A new LIMRA Secure Retirement Institute Research survey found that 78 percent of workers recognize their personal responsibility to save for their retirement - among defined contribution (DC) plan participants, 84 percent feel it is their responsibility to save for their retirement.
LIMRA Benchmarks In-Plan Guarantee Market for 2012
WINDSOR, Conn., May 20, 2013 — As of December 2012, defined contribution (DC) in-plan guarantee assets totaled $2.2 billion, according to a new LIMRA sales survey measuring market growth of in-plan guarantees.
COVID-19 Expected to Have a Short-Term Impact on Defined Contribution Plan Sales
The coronavirus pandemic and the resulting social distancing measures have disrupted many aspects of the economy. Employers — many who are dealing with the potential of lower revenue and managing remote work arrangements and the uncertainty of when things will return to normal — may choose to delay or cancel plans to put their defined contribution (DC) plans out to bid. This would significantly impact DC plan sales in 2020.
Most Middle-Income Workers Saving Less Than Five Percent of Their Income for Retirement
WINDSOR, Conn., Oct. 31, 2012 — A new LIMRA study reveals that two-thirds of middle-income ($40,000-$99,999) American workers are saving less than five percent of their annual income for retirement - with nearly a quarter saving nothing at all.