Jack VanDerhei
Jack VanDerhei
employees employers plans rid trend
The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.
watching
It's kind of like watching a glacier move.
cue generation health money parents pension people plans
People typically take a cue from their parents' generation ? which had pension plans and retiree health programs. And they know they're making more money than their parents did.
adopt automatic huge percentage
I would say that a huge percentage of them who don't already have automatic enrollment would adopt it overnight.
current major problem
The major problem you're going to have is that you're not going to have anything current enough to do anything about. You really are in a no-win situation.
acumen bucks couple financial frozen hundred inactivity pay people somebody start
Those people frozen into inactivity ... they just need someone to get them started. If you haven't started and won't start because you don't have the financial acumen to do so, pay somebody a couple of hundred bucks to get you on track.