Resources

Spectrum Resource Center

Advice, Articles, Events, Insights, News, Newsletters, Opinions, Press Releases, Updates, and More from Spectrum.

Specify Alternate Text

27 July

Millennials and Retirement | Overconfidence | Cybersecurity | and More

July 27, 2018 By Petros Koumantaros Newsletter millennials, award, cybersecurity

66% of Millennials have access to workplace retirement plans, but only 34% of Millennials participate.

Our third quarter 2018 newsletter features an article on Millennial retirement savings. According to a recent study by the National Institute on Retirement Security, 66% of Millennials (defined as individuals born between 1982-2000) have nothing saved for retirement. In fact, now the largest generation in U.S. history and numbering over 83 million strong, Millennials are potentially facing a retirement crisis. We explore this problem in our featured article, Millennials & Retirement: Biggest Generation, Biggest Retirement Crisis?

If you prefer our printable PDF newsletter, we included it as an attachment to this article. As always, we hope you find our newsletter informative. We invite you to comment on and share this article.

Attached Files

Spectrum-ABG-Newsletter-2018-Q3.pdf 503.13 KB

blog comments powered by Disqus

Categories

Featured
Recent

Featured

3 Did You Knows - Spring 2024
Articled 8 months ago
Retirement Plan Access & Fraud Prevention Considerations
Articled 8 months ago
Investment Menus & Fiduciary Considerations
Articled 8 months ago
Legislative Highlight – Automatic IRA Act of 2024
Articled 8 months ago
Tax Talk - Spring 2024
Articled 8 months ago

Most Recent

3 Did You Knows - Q4 Edition
Articled 2 months ago
Tax Talk - Q4 Edition
Articled 2 months ago
SECURE 2.0 Provisions Effective in 2025
Articled 2 months ago
Retirement Plans and Potential Election Impacts
Articled 2 months ago
Rethinking Retirement from a Generational Perspective
Articled 2 months ago

Tags

professional plan design practice 401k defined benefit pension loan participant loan investing margin spectrum open golf pano cancer event tournament philanthropy retirement readiness fiduciary rule tax cuts newsletter cybersecurity plan termination merger acquisition gender retirement gap lifetime income investment returns women men fees dol documents compliance press release bi cloud technology azure plan intelligence docusign microsoft myretirement limits irs retirement plan contribution plan faq participant questions payroll finwell plan education financial wellness employees financial stress education entreprenuers business accumulation startup wealth asset allocation investments fis innovation ira technology charity award 40th anniversary celebration impact fiduciary tax deduction participant outcomes uncashed checks distributions automation recordkeeping case study millennials soc-1 portal psoy cash balance plan sponsor of the year abg mfa enrollment escalation video automatic qdia qualified default investment alternative roth debt credit saving safe harbor nondiscrimination adp acp top-heavy plan sponsor 3(16) erisa hardship withdrawal audit bond owner bundled unbundled forfeiture forfeit vested vesting consulting employer connect reports student loans db/dc providers services guide erisawrap welfare benefit plan fundraiser document cancer reserach retirement confidence unvested vested account balance wrap spd wrap document plan document welfare benefits employee benefits healthcare wrap market volatility participant behavior socially responsible esg plan participation spectrumopen spd wrapspd spectrumplatform qaca participation restate restatement erisa bond fidelity bond bonding goals plan amendment secure act SECURE secure act of 2019 legislation secureact secureact2019 secureactof2019 election 2020 coronavirus covid-19 business continuity cares act cares covid19 relief retirement plan relief the cares act covid the secure act workforce demographics older employees engagement SECURE 2.0 Act Retirement Plan Legislation 401(k) cbpp defined contribution

ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.