Can plan sponsors serve their retirees’ best interests? A new study suggests that they’re not interested in doing so.
Employees face a host of challenges as they move from the job into retirement—and, according to “The Current State of Retirement: A Compendium of Findings About American Retirees,” from the Transamerica Center for Retirement Studies, employers aren’t helping with those challenges.
That’s despite the fact that employers are becoming interested in retaining retirement plan assets from people who have left the job, to help keep plan costs down—and also despite the impending influence of the Department of Labor’s fiduciary rule, which is expected to have an impact on IRA rollovers.
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