Plan Participants
While most employees plan to rely on 401(k) savings to be their largest source of retirement income, only a small portion are confident in their ability to generate a retirement income strategy and most worry they will run out of money in retirement, a new survey finds.
In fact, findings from...
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Editor’s Note: this is the second in a two-part series on what can be done to help those who about to retire or already have to better prepare to finance their retirements. Part one is here.
“There are no quick, simple solutions” in encouraging pre-retirees and retirees make decisions that will...
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In MarketBeat, John Iekel writes about a recent webinar in which three industry insiders expressed a positive take on the long-term health of employees’ expectations concerning retirement — despite recent travails.
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Editor’s Note: this is part one of a two-part series on what can be done to help those who are about to retire or have to better prepare to finance their retirements.
There is much to be done to improve employees’ retirement readiness, and that spells opportunity — for employees, but also for...
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Currently, there are four generations in the workforce, each bringing a diverse set of perspectives, skills and expertise, and based on their life stage, a diverse set of priorities and expectations for retirement.
To get a better understanding of these various perspectives and priorities, the...
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Even though COVID concerns are fading, new concerns over inflation and economic uncertainty are adding to increased financial stress among employees, who increasingly are looking to their employers for support and guidance, including with retirement planning.
In fact, today’s economic environment...
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Most of today’s workforce continues to embrace remote work policies over going to the office, but a new survey finds that location may affect much more than just the daily commute.
In fact, MetLife’s annual open enrollment survey found that nearly half (45%) of remote workers are struggling to...
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As Americans experience the impact of inflation, a new survey finds that employee interest in guaranteed lifetime income investment options has increased since 2021, but certain barriers may be holding employees back.
This is according to Nationwide Retirement Institute’s survey of more than 500...
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It is well known that there is a retirement savings gap between White workers and non-White workers, writes Hattie Greenan in MarketBeat. She discusses a recent PSCA webinar that addressed what that gap looks like, reasons for it, and ways that plan sponsors can help address it for their employees.
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Though final regulations are still pending, the Department of Treasury and IRS have essentially reaffirmed guidance for DC plans on required minimum distributions (RMDs), addressing questions surrounding the 10-year distribution rules under the SECURE Act and providing relief for certain...
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Health savings account (HSA) assets have grown at a 31% annualized growth rate over the past 15 years, and while the industry has improved its offerings in that time, more can be done, according to a new report.
The rapid adoption of high deductible health plans (HDHPs) has helped grow the still...
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What’s the most important number when it comes to retirement? In MarketBeat, Nevin E. Adams suggests that a more precise focus number in retirement planning is the one that purports to provide some level of financial security in retirement.
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Legislation that could affect retirement plans is pending on Capitol Hill — but the midterm elections loom and the remaining weeks after that will be a “lame-duck” session. But that may not spell doom for those bills, suggested American Retirement Association CEO Brian Graff at the Oct. 3 opening...
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Now that the U.S. Senate has confirmed Lisa Gomez to serve as Assistant Secretary for the Department of Labor’s Employee Benefits Security Administration (EBSA), a lengthy to-do list awaits her attention.
Since the start of the current administration, Ali Khawar has been serving as Acting...
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While not yet back to pre-COVID levels, average deferral rates are up, more participants are contributing, more plans are permitting immediate eligibility, and employer contribution rates to 403(b) plans rose almost 24% year-over-year, according to an annual 403(b) Plan Survey from the Plan Sponsor...
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With feelings of financial wellness hitting a five-year low among employees, employers increasingly are turning to financial wellness programs to address employee stress and improve retention, according to a new report.
Findings from Bank of America’s 12th annual Workplace Benefits Report— ...
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Retirement plans figure heavily as a tool to help employees achieve financial well-being, says a recent report.
In its 2022 Benefits Strategy & Benchmarking Survey, insurance broker and consulting firm Gallagher studied 225 employers in the K-12 education sector. They found growing interest...
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Even though COVID concerns are fading, new concerns over inflation and economic uncertainty are adding to increased financial stress among employees, who increasingly are looking to their employers for support and guidance, including with retirement planning.
In fact, today’s economic environment...
READ MORE
Despite various reports showing that many people have cut back on saving, new data by the Investment Company Institute suggests otherwise — at least regarding defined contribution plans.
In fact, retirement saving continued to be a strong focus for DC plan participants through the first half of...
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New research finds that households with public-sector defined contribution (DC) plan participants who have a primary defined benefit (DB) plan feel more comfortable spending than those without a primary DB plan, but that comfort level may be short-sighted.
According to the research conducted by...
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