The Workplace Solutions group within Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc., a leading provider of independent investment research, today launched the Morningstar Center for Retirement and Policy Studies. We want to change that, "said Aron Szapiro, head of retirement studies and public policy at Morningstar, Inc./.
Research shows that replacing target-date fund equity allocations with private equity can boost retirement income adequacy for participants who have access to a plan and invest in a target-date fund.
Defined Benefit vs Defined Contribution: Understanding the Costs of Each plansponsor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plansponsor.com Daily Mail and Mail on Sunday newspapers.
Public Sector Gen X Workers Face More Outstanding Retirement Plan Loans
Likely feeling the same financial squeeze as their private sector counterparts, the new Public Retirement Research Lab also found they are contributing less to retirement savings.
Reported by
Public sector Generation X workers have taken more retirement plan loans than any other age group, according to a recent survey by the Public Retirement Research Lab (PRRL) that measured data in public sector defined contribution (DC) plans.
The survey, which was made in collaboration with the Employee Benefit Research Institute (EBRI) and the National Association of Government Defined Contribution Administrators (NAGDCA), was discussed during a webinar hosted by the PRRL. Jack VanDerhei, research director at EBRI, said the organizations reviewed plans based on age, tenure and plan type, which included 213 457(b), 401(a), 403(b), 401(k) and other public DC plans of state, county, city and subdivision government employees