Defined Contribution

More employers are offering retirement plans and a higher percentage of workers are participating.

As many as one in 10 workers would find their savings limited by the cap, even at the current, albeit historically low, discount rate of 4 percent, the EBRI said.

Plan sponsors say the reason they dont offer the latest options is that employees would be upset about not having control over their own finances.

A study of more than 1,000 401(k) plan participants by Charles Schwab found that 57 percent of participants wish there were an easier way to figure out how to choose the right 401(k) investments.

Many in the industry say they like the idea of helping plan participants better understand how their current retirement savings will translate into lifetime income upon retirement. But thats where agreement stops.

If plan sponsors cant explain fees to their employees, how do they expect to explain them when the DOL comes knocking.

The agency is considering a missing participants program for terminating individual account plans, which represent the majority of non-covered plans.

A liberal think tank says its plan would address many of the problems often associated with the current retirement system.