Automatic enrollment blossomed and more employees began to save for retirement. You'd think this would have made everyone happy. It did not. (Photo: Shutterstock)
It's a struggle the retirement industry – from plan sponsors to service providers to regulators and public policy makers – has been trying to tackle since Ted Benna first discovered the Easter Egg Congressman Barber Conable hid under IRC Sec. 401(k) in the Revenue Act of 1978.
And yet, in the last few months, have we discovered the benefit of something we have for so long been trying to prevent?
The fourth quarter of 2018 saw the market dip into near-correction territory. The return of the usual volatility of the equity markets may have allowed us to stumble upon an heretofore overlooked advantage of QDIOs (see “Recent Market Volatility Has Revealed This About Target Date Funds,” FiduciaryNews.com, January 15, 2019).
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