Data and Research

A study finds employees with access to employer-sponsored plans are most likely to indicate retirement readiness, and the IALC suggests plan sponsors increase education.

Researchers’ analysis of data from the current Consumer Bankruptcy Project suggests that financial struggles, namely a decline in income, was a leading reason for older Americans’ bankruptcies.

While most women surveyed want to grow their investments in retirement, they worry more than men about the risk involved and think they’ll need to adopt a conservative...

This makes a buyout or a significant risk transfer two possibilities they could pursue, according to RiskFirst.

A report from Bank of America Merrill Lynch shows employees who do not feel financially well are most concerned about shorter-term financial goals, whereas employees who do feel...

Bank of America Merrill Lynch’s 2018 Workplace Benefits Report also finds men and women show different levels of financial stress.

Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the chance of investing in higher risk financial products.

While automatic enrollment generates positive effects, a report argues how these results are counterweighed by pre-retirement withdrawals.

Legislation has been passed that would increase HSA contribution limits, but prior data shows few employees actually contribute the maximum.

Most Millennials are appropriately invested, with 90% of their portfolios in equities.

They also value financial planning more than a bonus.

Ryan Bailey, head of the Retail Banking Group, Bank of the West, offers tips for plan sponsors to help educate Millennials about the importance of investing.

The International Foundation of Employee Benefit Plans found employers are providing education on a variety of topics, but the top five most common topics covered in employer-sponsored financial...

Two-thirds of Americans who work with a financial adviser believe they know how much to spend now and to save for the future.

However, the Center for Retirement Research (CRR) at Boston College found portfolio allocation did account for about one-quarter of the total 16-year underperformance for bottom quartile plans.

In conclusion, IZA says, “the data do not support the idea that presenting optional 401(k) plan information in a simpler, more compact way will improve employees’ retirement planning...

In addition, Vanguard found among its book of business a large increase in the number of small businesses offering retirement plans to employees.

They are on track to replace 75% of their income, compared to 64% for Americans overall.

Yet, a significant number are not saving for retirement at all.

Among employers that do not offer a financial wellness program, reasons cited in a survey were: have not thought about it, need more resources to execute, need to...