Tag: IRA
Programs are not related to public defined benefit plans, will not undermine existing 401(k)s, and will have adequate protections. Very few workers save for retirement outside of employer-sponsored retirement plans. But many private sector workers lack access to such plans. To help these individuals save for retirement, several states are planning to offer so-called “auto-IRAs,”…
The brief’s key findings are: The analysis compares returns by plan type from 1990-2012 using data from the U.S. Department of Labor’s Form 5500. During this period, defined benefit plans outperformed 401(k)s by an average of 0.7 percent per year, even after controlling for plan size and asset allocation. In addition, much of the money accumulated…
