Retirement Account Assets Reached New High in 2021
In an economy with significant momentum but also headwinds and pain points, new data from the Investment Company Institute shows...
Tag: 401(k) plan
ERISA Litigation Continues in the New Year
In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing...
Senators Take Second Try at Federal Retirement Commission Act
The reintroduced bill would create the Federal Retirement Commission, which would conduct a comprehensive review of private benefit programs in...
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Cash Back Used Towards Retirement Savings?
With EvoShare, employees can spend as usual at over 10,000 participating businesses and receive up to 20% cash back toward...
Researchers Find Bias When Retirement Funds Listed Alphabetically
Retirement plan participants tend to select funds placed in the first positions on a list, so rather than ordering the...
How to Mitigate Participants’ Savings Biases
Experts discuss how plan sponsors can get participants out of retirement savings "ruts" and get them to engage more with...
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Travelers to Help Employees Save for Retirement While Paying Down Student Debt
Employee student loan repayments will qualify for 401(k) employer match contributions.
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Pentegra Introduces 401(k) Program With SRI, ESG Focus
The retirement plan provider is offering this program in partnership with Social(k) and LeafHouse Financial.
Parties Reach Settlement Agreement in Anthem 401(k) Excessive Fee Case
The case is notable for arguing that an investment that had only a 4 basis point annual fee could have...
Majority of DC Plan Participants Express Retirement Readiness Confidence
In addition, a majority of those polled by the Investment Company Institute (ICI) oppose changing key features of DC plans.
More Local Governments Should Adopt Financial Wellness Programs for Employees
Among those that do offer financial literacy programs, 51% say workers increase their contributions to supplemental savings plans, 43% say...
Case Against ‘Small’ 401(k) Plan Settled
The case against the $500 million 401(k) plan was also settled for a “small” amount—$500,000.
Demand for Financial Advice Is on the Rise
And 401(k) providers are the top source for financial advice.
Benefits Are More Important to Americans than a Raise
A 401(k) match and health insurance are the benefits they value the most.
401(k) Reaches the Big 40
At an event marking the milestone for the 401(k), attendees were very optimistic about the future opportunities for the plan...
Young Savers Most Likely to Meet Retirement Goals
Workers younger than 35 are realizing they need to start saving now, according to Ascensus; however, only 30% are on...
Many Participants in the Dark on Their Allocations
Twenty-two percent do not know how their assets are invested, Legg Mason found in a survey.
Years of Positive Retirement Savings Behaviors Lead to Record Balances
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is...
Adjustments to Retirement Plan Websites Can Boost Deferrals
They can also prompt participants to make other important improvements to their savings strategies, Voya Financial learned.
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Retirement Loan Eraser Now Helps Those Who Voluntarily Terminate Employment
The product expansion will keep the loan current for an additional three months to allow time for engagement, education and...