For the 10th consecutive year, their top financial resolution for the New Year is to save more, Fidelity learned in a survey.
J.P. Morgan makes recommendations for plan design and TDFs based on savings and withdrawal behaviors it analyzed.
ESOP participants have an average retirement balance of $170,326, more than twice the $80,339 that other workers have saved
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
The median retirement account balance among all U.S. workers is "zilch"
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. Please consider responding by the October 19 deadline.
A new interactive interface allows employees to think about retirement and health savings together and visualize the best way to allocate limited assets.
One of three bills introduced this week as part of “Tax Reform 2.0,” the Family Savings Act includes many of the provisions written into the popular RESA legislation.
Seventy-nine percent of Americans say they don’t fully understand what happened during or what caused the financial crisis.
They want help with calculating how much money to save for retirement, determining how to invest their 401(k) assets, determining the age at which they can retire, and figuring out their expenses in retirement.
It is also compatible with all major web browsers and mobile devices.
With a new service from BenefitEd, workers can move the entire match over to pay down their student loan debt or just a portion of it.
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past decade to 19%, an analysis from Fidelity finds.
Younger Baby Boomers and Gen Xers are the most stressed about retirement, a Bankrate.com survey found.
Their primary reasons are financial and to fight boredom
According to the Alight Solutions 401(k) Index, year-to-date there have been 29 days with above-normal trading activity, suggesting that the month of June brought back a bit of a sense of tranquility for investors after a difficult start to the year.
Plans which permit non-safe harbor hardship distributions could theoretically approve a participant’s hardship distribution request for the repayment of student loans, but those relying on the safe harbor cannot.
For those learning about HSAs for the first time, one of the keys is to understand there is one set of rules for money going into the accounts, and another set of rules for money moving out.
“We continue to see the significant impact plan design and financial wellness programs have on participant behavior, as evidenced by the increase in both participation and deferral rates and decrease in loan usage,” says Aimee DeCamillo, head of T. Rowe Price Retirement Plan Services.