DOL Sues Missouri Bankers Benefit Plan
The Department of Labor has alleged one fiduciary breach against the plan’s trustees for operating with negative assets in six of the last seven years.
Participants
Benefits |
PPG Agrees to $309M Pension Risk Transfer Deal
The transaction with Legal & General and RGA is intended to secure the retirement benefits of more than 4,000 PPG retirees.
Older Workers Need Employer, Govt Support to Retire, Experts Say
A panel hosted by EPI argues that older workers are stuck between retiring without enough money, or working beyond their desired age.
Biden Uses Address to Pledge Support for Social Security, Medicare
The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech.
Plans Use Digital Nudges to Move Plan Participants Toward Retirement Goals
Duke University's Dan Ariely finds that loss aversion can be used to help participants reframe savings.
Personalized Communications Key to Companies’ Attempts to Educate on Participants on Wider Range of Benefits
Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.
Employers Find Persistence, Relevance Help Them Connect With Workers
Plan sponsors must message to more workers, on additional channels, in greater detail than ever before when trying to share benefit information.
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.
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: 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...