The right messaging and access to advice can help retirement plan participants make the right decisions for their financial future.
Data and Research
Plan sponsors’ view of participants’ investment sophistication and recent regulations could have something to do with it.
More than half of participants surveyed said a guaranteed retirement benefit would best meet their needs.
Research and real-life experience show that framing amounts employees need to save in smaller bits can help them increase and sustain their savings.
The Mercer/HERO Scorecard shows a growing consensus around the business case for well-being initiatives and an increase in social media strategies to reach employees.
The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.
In addition to providing a secure source of retirement income for employees, a report shows benefit payments support the economy and contribute to job growth.
The Center for Retirement Research says this approach remains competitive for those at the 75th percentile of the wealth distribution.
Researchers found revenue-sharing funds are more likely to be added to plan investment menus and are less likely to be deleted, as well as that direct and indirect...
Some methods increase flexibility for individual employers.
More than half say their employment prospects have been hampered by one or more negative impacts, be it a furlough, a layoff, a pay cut or other measure.
Defined contribution plan sponsors are rethinking investments, but not much interested in annuities, T. Rowe Price finds.
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
The study shows more Americans are focusing on emergency savings accounts rather than long-term goals, including retirement.
However, the top quintile will pay 11%, according to the Center for Retirement Research at Boston College.
They are also giving serious thought to implementing emergency savings features and allowing participants to choose between a variety of benefits, Willis Towers Watson found in a survey.