The U.S. blew past records for daily new Covid-19 cases and virus deaths on Wednesday, as the national crisis continues to worsen. More than 247,000 new infections and more than 3,600 Covid deaths were reported on Wednesday, according to Johns Hopkins University data, the highest single-day tallies yet. A record 113,000 people are currently hospitalized with the virus, according to The Atlantic s COVID Tracking Project. The new and disheartening highs come at the same time the U.S. is beginning a vaccine rollout.
The U.S. is recording at least 215,729 new Covid-19 cases and at least 2,570 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
The U.S. blew past records for daily new Covid-19 cases and virus deaths on Wednesday, as the national crisis continues to worsen. More than 247,000 new infections and more than 3,600 Covid deaths were reported on Wednesday, according to Johns Hopkins University data, the highest single-day tallies yet. A record 113,000 people are currently hospitalized with the virus, according to The Atlantic s COVID Tracking Project. The new and disheartening highs come at the same time the U.S. is beginning a vaccine rollout.
The U.S. is recording at least 215,729 new Covid-19 cases and at least 2,570 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
Workplace retirement plans saw 12.9% average savings rate in 2019
Participants contributed 7.6% of their pay, while employers put in 5.3%, the survey finds
December 17, 2020
Plan participants contributed an average of 7.6% percent of their pay to workplace retirement plans in 2019, according to the results of a survey by the Plan Sponsor Council of America. Plan sponsors contributed an average of 5.3% of employees’ pay, which brought the total average savings rate to 12.9%.
The annual survey, the group’s 63
rd, found that more than 90% of eligible employees had an account balance in 2019 and 87.3% made contributions.
The survey also found that Roth contributions are now permitted in three-fourths of plans, up from 69.1% in 2018, and that 80% of plans offered a target-date fund, up from 68.6% in 2018.
The tool allows tax-exempt plan administrators to manage several DC retirement plans simultaneously.
Reported by
OneAmerica has released a tool to combat the complexity of administering multiple retirement plans.
Called the ComboPlan solution, the feature allows defined contribution (DC) plan sponsors of tax-exempt organizations to administer several plans at once, including 401(k), 401(a), 403(b) and 457 plans. The solution provides one point of contact and a single website experience for the participant, thereby reducing multiple point of references and account logins.
According to the Plan Sponsor Council of America, four in 10 employers in the nonprofit and governmental space offer more than one type of retirement plan, and administering multiple plans simultaneously can be a confusing process for employers with little knowledge of the retirement industry.