Hamas’ brutal October 7 attack on Israel, and Israel’s swift response, have had tragic results for people in both Israel and the Gaza Strip. From a geopolitical perspective, the conflict could not have come at a worse time for the U.S., says retired Marine Corps Lieutenant General Robert S. Walsh, nor at a better time for Iran.
For employers, the recordkeeping that goes into managing their defined contribution retirement savings plan can sometimes be an afterthought—until something goes wrong or they want to make a significant change to their plan.
Even as employers have improved their defined contribution retirement savings plans, funding one’s own retirement remains, for many workers, a challenging task.
When defined contribution retirement plans started to become popular in the 1980s, they were viewed primarily as a supplement to defined benefit pension plans. But over time, many employers stopped offering DB plans in favor of DC plans, making the latter the principal retirement savings vehicle for most employees.
Members of the stable value industry, it turns out, often see their work as more than a job or even a career. They see it as an opportunity to help American workers achieve a financially secure retirement, and they see their colleagues across the industry as partners in that effort.
Reversing decades of growth, defined contribution retirement savings plans experienced net outflows of money between 2019 and 2021. Now, says Shawn O’Brien, associate director, retirement, at consulting and market research firm Cerulli Associates, many defined contribution plan fiduciaries, asset managers, and insurers are looking at ways to make DC plans more attractive retirement destinations through more robust in-plan decumulation features, services, and products.
ABOUT THIS POSITION The Product Manager (PM) is responsible for day-to-day product support for EmpowerInvestment’s proprietary stable value products. The PM is the SME in providing stable valuesolutions to existing clients and prospects in conjunction with Empower and EmpowerInvestment sales and management teams in efforts to drive AUM. Additionally, the PM will beresponsible for creating […]
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