A study shows that higher levels of trust lead to better financial decision-making which includes higher rates of savings, increased commitment to savings, and increased loyalty to providers.
Data from the Alight Solutions 401(k) Index shows retirement plan participants reacted poorly to the latest round of stock market volatility, with trading activity described by researchers as “exceptionally high” over the days following the stock market plunge.
According to Voya, the new tool allows employees to visualize their own path towards retirement and future financial goals.
Roughly four in five retirement plan participants said it would be at least somewhat useful to have additional information about investment fees, according to research from The Pew Charitable Trusts.
In 1997, the asset class with the greatest amount of participant assets was company stock, an Alight Solutions analysis finds.
The Millennial generation also wants to make a social impact with their investments, a survey from Capital Group found.