Researach also found that mutual funds that pay revenue sharing are more likely to be added to plan investment menus and are less likely to be deleted from them
Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.
More than half have experienced one or more negative impacts to their employment.
A new EBRI issue brief says there are four major things retirees focus on at any given time, but spending during retirement is even more nuanced than it might appear.
All S&P 500 boards have at least one woman for the first time, according to a study by Spencer Stuart.
Most say they learned the importance of staying the course, despite market volatility.
American workers are expecting more from workplace programs, such as tailored communications and experienced representatives.
It appears, according to a survey by Dalbar, that people put more faith in the advice of a human adviser.
Prudential survey finds employees were looking for financial advice and emergency assistance.
It should then come as no surprise that 38% are less confident they will have enough money to live comfortably in retirement, TIAA found.
A Lincoln Financial report also finds some workers are uncertain or confused when it comes to how they should prepare their retirement plans ahead of election results.
More than any other generation, its members are receptive to in-plan guarantees.
Retired households with less than $200,000 accumulated in a DC plan at retirement tend to spend down only about a quarter of their assets during the first two decades of retirement.
The vast majority of employees that participate in both 401(k) and employee stock purchase plans say it is important to take advantage of financial guidance made available by their employer.
Financial wellness programs are here to stay, and they are a big part of the employee benefits landscape of the future, says Craig Copeland, a senior research associate at EBRI.
Kevin Boyles at Millennium Trust says companies have been responding to the pandemic with exceptional agility—driven in no small part by the expectations of their Millennial workers.
And more are seeking advice from a third-party professional, especially as open-enrollment season begins.
Many are already implementing strategies to drive down expenses.