Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It
A new AARP study finds a wide gap between how people feel about retirement planning and how prepared they say they are for life after work.
Participants
Financial Stress Increases the Need for Participant Communications
Knowledge of the challenges participants are facing creates opportunities for advisers to connect.
Considering Multiple QDIAs
Using dynamic qualified default investment alternatives can create opportunities to engage with participants as they transition from target-date funds to managed accounts.
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Target-Date Glide Paths Are Not Personalized Across Industries
Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows.
Plan Progress Webinar: Plan Design Considerations to Boost Outcomes
Experts suggest plan sponsors pair automatic features with multichannel education and emphasize to workers that they should save for retirement at a rate higher than the enrolled minimum....
Plan Progress Webinar: Elements to Help Participants Prepare for Retirement
Auto-escalation can help participants save sufficiently to create a reliable stream of income in retirement.
Growth of Digital Tools Leads to Increased Retirement Personalization
Plan sponsors want digital tools that are effective and potentially useful for every participant, but not one-size-fits-all.
The Role of Financial Wellness Amid Rising Inflation
As more employees worry about their ability to make ends meet, they are looking to their financial advisers and HR professionals for help.
401(k) Trading Slows as Investors Remain Cautious
The latest data from Alight Solutions shows there were no above-normal trading days in April.
401(k) Index Shows Participants Favored Fixed Income
Investors had net trading dollars move from equities to fixed income during more than two-thirds of the first quarter’s trading days.
High 401(k) Trading Continued Into February
February was a busy month for 401(k) investors as international political events drove Wall Street lower.
Combatting Participants’ Misperceptions About TDFs
It’s important for participants to understand how target-date funds work so they don’t have a false sense of security about their retirement readiness.
Comfort With Annuities Could Help With Spending in Retirement
One study finds few participants are likely to annuitize their retirement savings, while another suggests those who take a withdrawal deplete their funds in an average of five...
Overcoming Participants’ Skepticism to Provide Personal Financial Information
Franklin Templeton finds many employees are hesitant to share in-depth details on their finances, even though it can lead to more customized benefits information and strategies.
Daily 401(k) Trades Highest in a Year
Despite the backdrop of a volatile stock market, the average of balances traded daily was 0.017%, according to Alight Solutions.
Participant Call Volumes and Website Visits Spike in January
Recordkeepers say that, historically, retirement plan participants reassess their retirement savings and readiness picture at the beginning of the year.
Record-Low 401(k) Trading Seen in 2021
The Alight Solutions 401(k) Index shows net 401(k) trading activity for 2021 was 0.53% of balances, the lowest annual figure measured since tracking began in 1997.
November Another Light Month for 401(k) Trades
The average asset allocation in equities decreased to 70.1%, according to the Alight Solutions 401(k) Index.
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as...