Participants Not Foregoing 401(k) Contributions for HSA Contributions
A Fidelity analysis also found more than one-quarter of 401(k) participants increased their contribution rates since last year.
Data and Research
Most Americans Oppose Limiting Pre-Tax Deferrals to DC Plans
Nearly one-third (32%) of survey respondents said if this provision of tax reform is passed, it will cause them to save less in their retirement accounts.
Health Care Employers Increasing Focus on Financial Wellness
Forty-four percent of health care organizations consider offering a program where employee contributions to student debt will be matched, according to a survey from Cammack Retirement Group.
IALC Says Research Proves There Is a Retirement Crisis
Ninety percent of Americans surveyed do not feel confident in their retirement savings situation.
Continued Analysis Shows Consistent 401(k) Participation Increases Savings
At year-end 2015, the average account balance among consistent participants was almost double the average account balance among all participants in the EBRI/ICI 401(k) database, an analysis shows.
Americans’ Greatest Fear About Aging is Covering LTC Costs
Many mistakenly believe government programs will cover long-term care costs, which may be why a mere 20% have taken any steps to find LTC insurance.
401(k) Contributors May Be Affected by Tax Reform Changes
An EBRI report breaks down how specific age groups and salary ranges would feel the pinch.
Financial Shocks Throw a Wrench Into Americans’ Retirement Savings
Many borrow from their 401(k) plan to cover a sudden financial emergency, Pew found in a survey.
Most Millennials Limit Spending to Save More
Overall, the need to save more tops the list of reasons for limiting spending for the second consecutive year, Bankrate.com found.
40% of Retirees Discover That Health Care Costs Are Higher Than Expected
LIMRA says that retirees can expect to pay 13% of their income each year in retirement on health care and long-term care expenses.
Sponsors Embracing a Wider Array of Best Practices
Automatic enrollment, higher initial deferral rates and financial counseling are just a few that more employers are adopting.
Price Inflation Again to Blame for Much of Projected Rising Health Plan Costs
Options are available, though, to mitigate the jump and provide more affordable care.
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
Women Are Substantially Behind Men in Growing Lifetime Wealth, UBS Says
The difference owes to the pay gap between men and women, the tendency of many women to take a career break to raise or care for family, and...
Americans’ Debt Could Be a Serious Impediment to Retirement Savings
People are carrying an average debt load of $140,113, GoBankingRates.com found in a survey.
GAO Calls on Congress to Improve Retirement Security in America
According to the GAO report, the three pillars of the current retirement system in the United States are anticipated to be unable to ensure adequate benefits for a...
Paper Offers Best Practices for Retirement Plan Committees
A Callan Institute report makes suggestions for size, staffing and training for investment and administration committees.
Ninety Percent of Investors Like the Idea of Guaranteed Income
But only 46% know that annuities offer it, Jackson National Life found in a study done for the Insured Retirement Institute.
Lifetime Income Options Would Help More Americans With a Secure Retirement
TIAA suggests other options for helping retirement plan participants with retirement readiness.
Retirees Spend More Than Expected on Health Care
In spite of increased optimism, a new Wells Fargo survey finds a significant portion of workers still say they do not think they will reach their savings targets;...