October 17, 2018

Best Practices: Participant Documents

In reviewing online documentation capabilities for Corporate Insight’s latest Retirement Plan Monitor Report, a selection of best practices stands out in three areas: findability, document suites and delivery preference management. Findability Best Practices Centralize documents in a findable location: Integrate delivery preference management within document suite – Firms should let users modify their delivery preferences […]

September 28, 2018

New VALIC Plan Sponsor Site Leverages Digital Trends and Best Practices to Enhance User Experience

VALIC’s new plan sponsor site represents a significant step forward and it is now among the more modern sites within the Retirement Plan Monitor – Institutional coverage group.The new site, called SponsorFIT and part of VALIC.com, is designed for plan sponsors and closely resembles its participant site counterpart. “FIT” stands for “Futures. Individually Tailored.” and […]

August 30, 2018

No Standard for Retirement Readiness

Retirement readiness serves as a strong indicator of retirement plan health. As discussed in Corporate Insight’s recent plan-level data report, readiness is a highly variable metric though is generally defined numerically through projected income replacement ratio and other related markers. What constitutes a healthy minimum income replacement ratio, however, is less than agreed upon as […]

July 26, 2018

TIAA Shakes Up the Plan Sponsor Digital Space with New Mobile App

In our research at Corporate Insight, we often refer to the proliferation of mobile platforms within the retirement industry as a sign of modernization and innovation. For the past two years, our Monitor Awards have discussed a burgeoning, industry-wide investment in native apps. Earlier this year, we published a blog post that considered the influx […]

June 13, 2018

Acorns Enters Retirement Market with Acorns Later

It’s official: Acorns entered the $28.21 trillion retirement market with Acorns Later, which offers Roth, traditional and SEP IRA accounts under the Acorns investing model. The much-anticipated launch, which came at the end of April, follows Acorn’s acquisition of Portland-based retirement fintech firm Vault in November 2017. Acorns Later follows the formula of a standard […]

May 11, 2018

An Increase in Retirement Healthcare Costs Signals a Need for More Information

This year the standard retiring couple will require an extraordinary $280,000 after taxes for medical expenses alone. Women will require $147,000 in retirement, while men will need $133,000, according to a new Fidelity study. These estimates represent a nearly 2% increase—the smallest increase since 2014—from last year’s average cost of $275,000 and do not account […]

April 12, 2018

After Enhancing Retirement Readiness Resources, Firms Turn Their Attention to Holistic Financial Wellness

After bolstering their retirement readiness resources, firms have now moved to improve their general financial wellness educational offerings. In recent weeks, Voya Financial and John Hancock introduced new financial wellness tools and refined existing resource organization, making their general financial education suites more robust and easier to browse. John Hancock rebranded the My Learning Center […]

March 05, 2018

2017 Plan Sponsor Website Key Enhancements

Each February, Corporate Insight’s Retirement Plan Monitor – Institutional service releases a Plan Sponsor Update Report that reviews major plan sponsor site enhancements, highlights emerging trends and offers forecasts for the digital sponsor space. This year, 43% of coverage group firms released significant enhancements that we analyze in the report. There was moderate consistency regarding […]