The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year, with the goal of helping workers prepare for emergencies and retirement.
Small U.S. employers trust the financial services sector for its expertise more than government entities when it comes to administering retirement savings programs, a survey found.
It aims to make SIMPLE plans more accessible among small businesses and would raise the contribution and catch-up limits.
Employees can determine how they want to allocate employer 401(k) matching dollars—be it to their retirement account, to their student loans or to a combination of both.
High trading activity days were concentrated around the beginning and end of the year—with trades moving in similar volumes in opposite directions.
The majority think they are on track for a secure retirement, but many worry about high health care costs.
For those 75 and older, out-of-pocket medical costs amount to 20% of their income.
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.