The interest-free, payroll-deducted payment plan can keep employees ‘away from more financially toxic payment options,’ such as taking a retirement plan loan, the company notes.
Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more.
American Beacon and asset management firm launch bond fund; Hartford Funds and Wellington Management release ETF; and Vanguard announces lower expense ratios on select ETFs.
The solution provides participants with a one-stop platform designed to simplify administration, streamline transactions and inform financial decisions.
The tool educates individuals about the projected monthly value of their retirement savings and the potential benefits of protected lifetime retirement income through an annuity.