FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125694432> ?p ?o ?g. }

• W3125694432 endingPage "72" @default.
• W3125694432 startingPage "53" @default.
• W3125694432 abstract "Summary and Introduction This article provides an overview of the literature on best practices for designing retirement savings plans and providing financial education in the workplace. These two elements are critically important considerations for plan providers. Both must be carefully constructed to maximize the effectiveness of an employersponsored retirement savings program in helping participants build adequate funds for when their working career ends. Without a successful plan design, financial education will not be effective, and even a well-structured plan can fail to achieve retirement savings goals without financial education. The main components of a retirement savings program include options for enrollment, investment choices, employer matching of contributions, and distributions during the working career and at retirement. In addition, employees must be educated about the plan design and how it affects them. The core aspects of financial education are controlled by employers: the topics covered, the delivery methods used, the frequency with which it is offered, and its general availability. Financial education can be especially helpful to certain subgroups of the population, including minorities, women, and those with low income and education levels. This article is designed for use both by practitioners and academics seeking a broad overview of some of the significant issues that should be considered in designing a retirement savings program that counts the adequacy of long-term savings among participants as a goal.1 A large literature now exists on the effects of different plan designs and methods of education. The literature review is supplemented with information from the 2004 Survey of Consumer Finances (SCF) to document the need for well-designed retirement savings programs and financial education. The SCF is a triennial survey on wealth and saving that is undertaken by the Federal Reserve Board in conjunction with the Statistics of Income (SOI) Division of the Internal Revenue Service (Kennickell 2006).2 The SCF data are intended to represent the financial characteristics of a subset of the household unit called a economic unit. This unit consists of an economically dominant single individual or couple (married or living as partners) in a household and all other individuals in the household who are financially interdependent with that individual or couple. In a primary economic unit with a mixed-sex couple, the male is considered the head of household; for samesex couples, the older individual is deemed the head of household.3 Data from the SCF cover a broad variety of demographic and financial characteristics, including saving behavior, account balances, and sources of investment advice. In recent years, there has been an increased policy focus on retirement savings programs offered by employers. These savings programs, which include 401(k), 403(b), Simplified Employee Pensions (SEP), and other plans, are referred to as defined contribution (DC) plans because account balances at retirement depend on employee and employer contributions and the performance of the worker's investments.4 These plans have largely replaced employer-sponsored defined benefit (DB) plans, which pay retirement benefits using formulas based on factors such as years of service and earnings. Indeed, projections from the Social Security Administration's Modeling Income in the Near Term (MINT) model indicate that current retirees will be the last group strongly dependent on DB pensions (Butrica, Iams, and Smith 2003/2004).5 For middle-income individuals born between 1926 and 1935, DB pensions will account for 20 percent of their income at age 67, compared with only 3 percent of income from retirement savings programs. For those born in the late part of the baby boom (1956-1964), the corresponding figures are 9 percent and 8 percent. The relative importance of retirement savings programs will increase only for post boomer retirees: among all workers today, only 20 percent participate in DB plans, compared with 43 percent in DC plans. …" @default.
• W3125694432 created "2021-02-01" @default.
• W3125694432 creator A5059527203 @default.
• W3125694432 creator A5079364847 @default.
• W3125694432 date "2007-01-01" @default.
• W3125694432 modified "2023-09-23" @default.
• W3125694432 title "Effective retirement savings programs: design features and financial education." @default.
• W3125694432 cites W138398135 @default.
• W3125694432 cites W1527984355 @default.
• W3125694432 cites W1597747266 @default.
• W3125694432 cites W1964922754 @default.
• W3125694432 cites W1993841658 @default.
• W3125694432 cites W2081717017 @default.
• W3125694432 cites W2102309240 @default.
• W3125694432 cites W2107322532 @default.
• W3125694432 cites W2108946685 @default.
• W3125694432 cites W2109632703 @default.
• W3125694432 cites W2159507438 @default.
• W3125694432 cites W2160557952 @default.
• W3125694432 cites W2255435296 @default.
• W3125694432 cites W2255828555 @default.
• W3125694432 cites W2333885928 @default.
• W3125694432 cites W2890608822 @default.
• W3125694432 cites W2892310370 @default.
• W3125694432 cites W3121499580 @default.
• W3125694432 cites W3121507571 @default.
• W3125694432 cites W3121782070 @default.
• W3125694432 cites W3121790997 @default.
• W3125694432 cites W3122174535 @default.
• W3125694432 cites W3122279745 @default.
• W3125694432 cites W3124174062 @default.
• W3125694432 cites W3124672507 @default.
• W3125694432 cites W39309211 @default.
• W3125694432 cites W3122394519 @default.
• W3125694432 hasPubMedId "https://pubmed.ncbi.nlm.nih.gov/18605218" @default.
• W3125694432 hasPublicationYear "2007" @default.
• W3125694432 type Work @default.
• W3125694432 sameAs 3125694432 @default.
• W3125694432 citedByCount "12" @default.
• W3125694432 countsByYear W31256944322012 @default.
• W3125694432 countsByYear W31256944322013 @default.
• W3125694432 countsByYear W31256944322014 @default.
• W3125694432 countsByYear W31256944322019 @default.
• W3125694432 crossrefType "journal-article" @default.
• W3125694432 hasAuthorship W3125694432A5059527203 @default.
• W3125694432 hasAuthorship W3125694432A5079364847 @default.
• W3125694432 hasConcept C10138342 @default.
• W3125694432 hasConcept C103565092 @default.
• W3125694432 hasConcept C115903868 @default.
• W3125694432 hasConcept C127413603 @default.
• W3125694432 hasConcept C142724271 @default.
• W3125694432 hasConcept C144133560 @default.
• W3125694432 hasConcept C162118730 @default.
• W3125694432 hasConcept C162324750 @default.
• W3125694432 hasConcept C165064840 @default.
• W3125694432 hasConcept C166957645 @default.
• W3125694432 hasConcept C17744445 @default.
• W3125694432 hasConcept C199539241 @default.
• W3125694432 hasConcept C206674616 @default.
• W3125694432 hasConcept C27548731 @default.
• W3125694432 hasConcept C2776505523 @default.
• W3125694432 hasConcept C2778002999 @default.
• W3125694432 hasConcept C2908647359 @default.
• W3125694432 hasConcept C70179600 @default.
• W3125694432 hasConcept C71924100 @default.
• W3125694432 hasConcept C94625758 @default.
• W3125694432 hasConcept C95457728 @default.
• W3125694432 hasConcept C99454951 @default.
• W3125694432 hasConceptScore W3125694432C10138342 @default.
• W3125694432 hasConceptScore W3125694432C103565092 @default.
• W3125694432 hasConceptScore W3125694432C115903868 @default.
• W3125694432 hasConceptScore W3125694432C127413603 @default.
• W3125694432 hasConceptScore W3125694432C142724271 @default.
• W3125694432 hasConceptScore W3125694432C144133560 @default.
• W3125694432 hasConceptScore W3125694432C162118730 @default.
• W3125694432 hasConceptScore W3125694432C162324750 @default.
• W3125694432 hasConceptScore W3125694432C165064840 @default.
• W3125694432 hasConceptScore W3125694432C166957645 @default.
• W3125694432 hasConceptScore W3125694432C17744445 @default.
• W3125694432 hasConceptScore W3125694432C199539241 @default.
• W3125694432 hasConceptScore W3125694432C206674616 @default.
• W3125694432 hasConceptScore W3125694432C27548731 @default.
• W3125694432 hasConceptScore W3125694432C2776505523 @default.
• W3125694432 hasConceptScore W3125694432C2778002999 @default.
• W3125694432 hasConceptScore W3125694432C2908647359 @default.
• W3125694432 hasConceptScore W3125694432C70179600 @default.
• W3125694432 hasConceptScore W3125694432C71924100 @default.
• W3125694432 hasConceptScore W3125694432C94625758 @default.
• W3125694432 hasConceptScore W3125694432C95457728 @default.
• W3125694432 hasConceptScore W3125694432C99454951 @default.
• W3125694432 hasIssue "3" @default.
• W3125694432 hasLocation W31256944321 @default.
• W3125694432 hasOpenAccess W3125694432 @default.
• W3125694432 hasPrimaryLocation W31256944321 @default.
• W3125694432 hasRelatedWork W1563581771 @default.
• W3125694432 hasRelatedWork W1592912439 @default.
• W3125694432 hasRelatedWork W169343443 @default.
• W3125694432 hasRelatedWork W1993927951 @default.

• next