New York, NY—March 20, 2017 — ALM Intelligence has published the results of the second annual 401(k) Plan Benchmark Report from its benefits unit, Judy Diamond Associates. This in-depth analysis from Judy Diamond Associates examined active 401(k) plans with at least one current participant and more than $3,000 in plan assets during 2015, the most recent fiscal year for which data is available. The approximately 500,000 plans evaluated for the benchmark report cover about 53 million eligible workers and an estimated $4.1 trillion in total assets across 26 industries.
New York, NY—July 21, 2016 — ALM’s Judy Diamond Associates, the leading provider of Form 5500 data to both the insurance and financial industries, today announced its reaction to the recently proposed changes to the Form 5500. The proposed changes, published last week by the Employee Benefits Security Administration, call for significant modifications to the disclosure of employee benefits packages. Among the most prominent changes is a provision that will require small employers to file a 5500 for their health & welfare plans.
New York, NY—April 20, 2016 — ALM’s Judy Diamond Associates announced today that it has published the results of its first annual 401(k) Plan Benchmarking Report. This comprehensive look at the U.S. 401(k) market examines the performance of nearly half a million employer-sponsored retirement plans, and concludes that “micro” 401(k) plans with between one and 10 participants tend to have the highest average account balances, participation rates, and employer contributions.
New York, NY – November 17, 2015 – ALM’s Judy Diamond Associates’ announced today the re-launch of its flagship prospecting tool, The American Directory of Group Insurance Plans. Available immediately to all customers, the enhanced platform provides LinkedIn integration, presentation-ready plan reports and more than 100 searchable data elements all designed to support sales efforts and get providers in front of key decision makers faster.
Washington, D.C. – May 19, 2015 – ALM’s 401(k) intelligence provider Judy Diamond Associates has released its annual study of corrective distributions required by 401(k) plans. This new research shows that 54,493 401(k) plans failed their most recent IRS nondiscrimination tests.
Washington, D.C. – May 12, 2015 – ALM’s 401(k) intelligence provider Judy Diamond Associates has completed a comparative analysis of 401(k) plan contributions among both employers and employees in 2012 and 2013, the most recent year for which data is available. This research shows that together, employers and employees contributed a total of $13 billion more in 2013 than in 2012, a 5 percent year-over-year increase. Larger contributions from both employees and employers will positively impact employee’s goals to reach their target savings rates.
Washington, D.C. – April 16, 2015 – ALM’s 401(k) intelligence provider Judy Diamond Associates has completed an analysis of new 401(k) plans launched in 2013, the most recent year for which data is available, and discovered that substantially fewer new plans launched in 2013 than in 2012 possibly meaning fewer people are starting businesses or new businesses find 401(k) plans a luxury they cannot afford.