President Obama’s State of the Union address included initiatives to improve and enhance retirement programs. And while he was putting his finishing touches on the address last week, Plansponsor.com asked pension plan administrators what plan options they would like to see enacted, and which they would like to see “get lost.”
The survey revealed a wide range of opinions, but the two most popular initiatives were:
- Encouraging plan sponsors to make unbiased investment advice available to workers, and
- Pushing for annuities and other guaranteed lifetime income products.
When asked what policies they would most like to see “get lost,” most plan sponsors chose:
- Establishment of a system of workplace automatic IRAs, and
- More fee disclosure.
Survey respondents also provided a large number of open-ended comments.
Plansponsor.com provides industry news and white papers to the investment and retirement plan community. To see the entire survey results, visit www.plansponsor.com.
This article was originally published in Illuminations: Facts & Figures from people with a brighter way, a Rea & Associates enewsletter, 2/2/2010.
Note: This content is accurate as of the date published above and is subject to change. Please seek professional advice before acting on any matter contained in this article.