But those who fall short on saving are experiencing financial stress.
Data and Research
The effects of the coronavirus pandemic are still clearly being felt by small employers across the U.S., but many of those who earlier suspended retirement plan matches have...
While many say they will depend on Social Security for retirement income, at least one study finds retirees are not getting as much as they expected.
The steady increase in the use of the Roth 401(k) option comes as overall qualified plan participation continues to increase.
The U.S. can learn from other countries about instilling the mindset of preserving retirement savings and creating different pools of assets to be dipped into in case of...
Employees in a survey from Empower Retirement say they believe their views are created by personal experiences and characteristics, not by their age group.
Many workers near retirement age who may be worried about COVID-19 are turning to early retirement, but doing so comes at a cost.
As workers figure out how COVID-19 will impact their finances, more plan sponsors are adding and growing financial well-being incentives.
With employees working from home, more are tapping their mobile device to check their retirement account.
For their part, employers can consider benefits and financial wellness programs to make financial mobility possible.
With many employees using equity compensation for long-term savings goals and wealth accumulation, providing education and advice is important.
Research finds few retirement savers have lowered savings rates or withdrawn money; however, those with lower incomes and in certain industries may be disproportionately affected.
Participants nearing retirement are often approached by sources unrelated to the employer’s plan—some predatory. Reminding them of the work plan sponsors do can help keep them safe.
Nearly three in 10 participants surveyed were either unaware of whether help was available or perceived that it was not, but providers say the resources are there.
The release of the study comes after the DOL issued an Information Letter sanctioning the use of private equity in asset allocation funds in DC plans.
Teamsters for a Democratic Union (TDU) is calling for more pressure for the Senate to pass the latest relief package which includes ‘special partition relief’ for multiemployer pension...
The average expense ratio decreased to 0.45% from 0.48% the year before, according to Morningstar.
Observing drawdown patterns can inform plan sponsors about how to design their plans to facilitate withdrawals and about what guidance participants need.