Retirement Income
Retirees have a hard time translating accumulated assets into this.
Income Stream
What does the CARES Act stand for?
Coronavirus Aid, Relief, and Economic Security
Which participants stayed the course and mostly remained within Target-date funds through the crisis?
Younger participants/ Longer-dated vintages
Which private company launched humans into outer space in 2020?
Space X
This company created the first private pension plan in 1875 in the U.S.
American Express
Participants rely much more on this source of income in retirement than they anticipate.
Social Security
True/False - The CARES Act is the largest stimulus package the Federal Government has ever enacted.
True. The CARES Act stimulus is almost $2 trillion. The 2009 stimulus package was $831 Billion in comparison.
Market trading activity increase by a multiple of THIS AMOUNT as market volatility increased and peaked in March
4 Times
Which tennis player topped the 2020 Forbes magazine list of highest-paid athletes?
Roger Federer
This country became the first nation in the world to adopt an old-age social retirement program in 1889, designed by its Chancellor, Otto von Bismarck.
Germany
What percentage of insurers offer in-plan annuities today?
7%
(CARES) Act has adjusted 401(k) loan limits up to this amount or 100% of a participant's account balance that is vested, whichever is lower.
$100,000
48% of plan sponsors are offering their participants higher THIS as part of the CARES Act provisions
Higher loan amounts
What movie won the 2020 Oscar?
Parasite
IRAs over time have been coined as Individual Retirement Accounts, but under the IRS they are technically called Individual Retirement THIS.
Individual Retirement Arrangements.
What percentage of participants said having guaranteed income in retirement would have a positive affect on their well-being based on the BlackRock DC Pulse Survey?
91%
COVID-related distributions from a retirement plan need to be paid back within how many years?
Three
65% of plan sponsors allowed for increased access to THIS as part of the CARES Act Provisions.
In Service Distributions
Who performed at the Superbowl Halftime Show?
J Lo & Shakira
403b Plans don't utilize commingled funds, but these types of 403b plans may.
403(b)(9)/Church Plans
Solutions in the market generally fall under service-based, annuity-based, and this.
Investment-Based solutions
The CARES Act enabled any taxpayer to skip THIS if due in 2020 from a defined-contribution retirement plan or an IRA.
RMD
The potential long-term impact of a participants flight to capital preservation might require participants to save an extra ___% annually to offset the difference.
11.5%
If this state were its own country, it would have the fifth highest GDP in the world.
California
This is the most common type of match structure.
The most common match is 50 cents on the dollar up to 6% of the employee's pay.