Data and Research | March 19th, 2021 Recordkeepers Responding to Focus on Emergency Savings Retirement plan recordkeepers are shifting how they see their role in ensuring financial security for participants, and they’re reacting to...
Benefits | February 18th, 2021 Why Retirement and Emergency Savings Need to Go Hand in Hand Nearly 30% of workers have no emergency savings fund, leading many to raid their retirement accounts.
Benefits | January 6th, 2021 States Looking for Ways to Increase Access to Retirement Plans in 2021 More employers are also likely to offer automatic emergency savings, a Millennium Trust executive says.
Data and Research | December 9th, 2020 Research Finds Workers Are Shifting Financial Priorities The study shows more Americans are focusing on emergency savings accounts rather than long-term goals, including retirement.
Administration | September 24th, 2020 PSNC 2020: Recalibrating Retirement Plans The COVID-19 pandemic has accelerated what was already an emerging goal for the retirement planning industry: helping participants prepare for...
Products | August 27th, 2020 FinFit Savings Program Enables Company Match Employers can match up to 100% of employees’ contributions.
Data and Research | August 14th, 2020 Overwhelming Majority Doesn’t Have Emergency Savings to Last Six Months More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost...
Benefits | May 22nd, 2020 Emergency Savings Post-COVID Will Be Viewed Differently The retirement plan system has the infrastructure to get people started building emergency savings.
Data and Research | May 29th, 2019 Lack of Emergency Savings Among Biggest Financial Regrets More than half of Americans are disappointed with their overall savings, according to a new Bankrate.com survey, including 27% who...
Compliance | April 5th, 2019 Senators Propose Requiring Employers to Contribute to Workers’ Savings Accounts The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker...
Data and Research | March 27th, 2019 Employees Want Congress and Employers to Help Them With Retirement Readiness Seventy-seven percent of Americans think Congress should do more to expand access to retirement plans, while 83% favor making it...
Data and Research | February 27th, 2019 High Cost of Living, Debt Are Reasons Americans Don’t Save Enough A survey found more Americans are prioritizing building an emergency savings fund over retirement savings.
Data and Research | November 13th, 2018 Middle Class Workers Report Mixed Financial Feelings Many workers earning between $35,000 and $100,000 voice confidence about near-term financial goals, but this seems to be coming at...
Products | July 25th, 2018 Voya Targets Emergency Savings with Financial Wellness Feature The new tool was created in response to the numerous news reports and research papers citing a dire lack of...
Administration | July 20th, 2018 Helping Employees Build Emergency Savings The term “sidecar savings accounts” has been introduced into the retirement industry’s lexicon, and new legislation has been introduced to...
Data and Research | March 14th, 2018 19% of Working Americans Are Not Saving Anything Expenses are cited as the main reason why they are failing to save anything, Bankrate.com found in a survey
Opinions | February 12th, 2018 To Prioritize Retirement Saving May Not Be Best for All Workers Many may need to set up an emergency fund or pay off debt first.