Fidelity 401(k) Balances Drop 23%, But Default Savings Hold
Workers kept their employer-sponsored retirement plans on track in Q3 even as they saw 21% or higher declines in their...
Tag: participants
SEC Secures Sizable Settlement From Equitable Financial
According to an SEC announcement, Equitable gave investors the false impression that their quarterly account statements listed all fees paid...
Lower-Income Workers Benefit the Most From Auto-Portability
Research suggests that keeping retirement plan savings in tax-advantaged accounts, using auto-portability, can help to close the wealth gap.
What Makes an Average Retiree Feel Confident?
New data published by the Employee Benefit Research Institute offers a few answers.
DC Plan Participants Need More Than Jargon
The way people view and define retirement has undergone a significant philosophical change in recent years, creating a clear and...
Reaching K-12 403(b) Plan Participants During the Pandemic
School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue...
Lessening the Impact on Retirement Savings of Taking a Hardship Withdrawal
Following rule changes plan sponsors still have discretion over limiting the amount of hardship withdrawals and participants can continue to...
Plan Sponsors Actively Evaluating, Changing TDFs
A BlackRock survey shows four in 10 DC plan sponsors say they have changed or added TDFs in the past...
401(k) Participants Made Opposing Trades in 2018
High trading activity days were concentrated around the beginning and end of the year—with trades moving in similar volumes in...
Participants Need Support to Weather Bouts of Volatility
One of the toughest challenges facing plan sponsors is broadening the perspective of participants to look beyond what has happened...
Encouraging Workers to Save While Paying Off Debt
Workers facing debt payments must also prioritize long-term savings, as difficult as this may seem.
Benefits |
Will Student Debt Repayment Support Become Table Stakes?
Student debt hurts the financial well-being of an overwhelming portion of respondents to a new survey—with the scourge of student...
Study Reveals Financial Wellness Needs of Employees
Employees are racking up credit card debt and borrowing from retirement savings to pay for unexpected expenses.
Retirement Saving More of a Priority for Men than Women
For both sexes, becoming serious about saving for retirement doesn't usually happen until one's 40s or 50s.
Near-Retirees and New Retirees Have Higher Debt Than Older Generations
EBRI says more families are placing themselves at risk of running short of money in retirement due to their increased...
Benefits |
One-Size-Fits-All Financial Education Missing the Mark
Programs need to be individualized and include financial coaching.
Millennials Foresee No Such Thing as a Comfortable Retirement
Seventy-nine percent believe that by the age of 80, a comfortable retirement will be a thing of the past, and...
Women Need Help Improving Retirement Confidence
Fifty-five percent of women are afraid they will outlive their savings, according to the Transamerica Center for Retirement Studies.
More Than Half of Americans Would Like to Save More
Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found...
Workers Say Benefits Give Them a Sense of Financial Security
However, this is not always the case for lower-income workers, MassMutual found in a survey.