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Retirement Made Simpler News
September 9, 2009
Each issue of Retirement Made Simpler News delivers important news, research, updates and more to your inbox. Meet the Organizations
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In the News
President Obama Announces Steps to Make it Easier for American Families to Save for Retirement
The President announces new initiatives that complement major legislative proposals to boost participation in IRAs and match retirement savings—including automatic enrollment.
Study Shows Growth in 401(k) Plans and Participants
The good news is that the total of 401(k) plans on the market increased by more than 20,000 in 2008 and over five million participants were added, an increase of 7.6%. The uptick in participants can be attributed, in part, to more employers using automatic enrollment and other auto features with their 401(k) plans. Employee Benefit News
Auto-Enrollment Lifts 401(k) Participation, Report Says
More employees were put on the path to retirement security in 2007 by employers adopting automatic savings and investment solutions in their retirement plans, according to How America Saves 2008, a comprehensive report on defined contribution retirement plans released by Vanguard. Reuters
Thrift Savings Plan (TSP) Reforms Boost Enrollment
The TSP moved to implement automatic contributions after legislation passed in June (H.R. 1256) to modify certain plan programs. Gregory Long, TSP's executive director, said increases in participation could continue at the current rate or even accelerate into next spring, when the plan implements the legislation's automatic enrollment provision. GovExec.com
 Companies Reinstate Their 401(k) Matches ... Slowly
Companies are starting to restore matching contributions to their 401(k) plans after extensive cost-cutting and signs of improvement in the economy. According to a Watson Wyatt Worldwide survey of 175 large companies conducted in early August, 24% of respondents said they plan to reinstate or increase matching contributions within the next six months, compared with just 5% in a June survey by the firm. Pensions and Investments (Subscription Required)
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On our Site
Automatic 401(k)s Come of Age
Why do you sponsor a 401(k) plan? Maybe it’s part of your strategy to attract talent, or to encourage key employees to stay. If you are like most plan sponsors, you run the plan to help your employees save and invest for a financially secure retirement. Read more
Resources and Tools
AARP Workforce Assessment Tool
Try this free, confidential tool that can help organizations assess their workforce needs and priorities. The tool generates a customized report that maps out the employer's current workplace demographics and practices, and provides a series of detailed action steps in key areas such as knowledge retention, benefits, flexible work options, professional development, and recruitment. Learn more
White Papers
Vanguard: How America Saves 2009
Fifty-five million Americans are covered by defined contribution plans, with assets now in excess of $4 trillion. Read Full Report
Additional White Papers
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