Steve Holman, head of Vanguard Retirement Plan Access (VRPA), shares insights garnered from financial advisors at recent VRPA events and improvements that we’re making to address their needs.
There’s been press about employers passing money they are saving due to tax reform along to their employees’ retirement accounts. We urge plan sponsors contributing to participant accounts to make ongoing, rather than onetime, contributions.
Partnering with VRPA can help advisors serve their clients. Steve Holman, principal and new head of Vanguard Retirement Plan Access (VRPA), describes qualities Vanguard and his coach share, reflecting on his first career as a professional athlete.
The positive influence of plan design variables has helped improve participant outcomes.
The rise of autopilot plans has led to clear success in two areas, but there’s still work to be done in boosting participant retirement savings rates.
Vanguard helps plan sponsors smooth out retirement plan transitions during a corporate merger. We’re here to help, offering guidance on compliance, enrollment, legal, and regulatory hurdles that need to be overcome to merge the two plans.
Professor Richard Thaler’s Nobel Prize in Economics for his work in behavioral economics is also a Nobel Prize for retirement savers—for the millions of individuals helped by his ideas and as a result on their way to a better financial future.