Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers, according to Schwab’s annual 401(k) participant survey.
BlackRock's annual survey of the retirement space also finds participants are interested in guaranteed income to help with retirement security.
Data also showed that having an adviser boosts a respondent’s financial confidence.
Advisers also turned to personalized options such as direct indexing to stand out for clients.
A Bain & Co. study found that the so-called Great Resignation has become the ‘Great Sabbatical,’ as many return to work.
The second quarter decline mimics similar drops in 2020 and 2022, even as the industry went on to strong dealmaking for the full calendar year.
Gen Xers entered the workforce as pensions were fading and 401(k) plans were ‘primitive.’ Now they are closest to retirement but feel least ready for it, according to Transamerica research.
Additionally, one in five advisers said they were less than five years away from retirement.
New findings reveal 59% of advisers opted not to roll over a client's 401(k) into an IRA in 2022.
High wash-out rates force firms to focus on recruitment and retention, according to Cerulli.
Account balances among millennial men exceed women by 23%, significantly less than the average gender gap of 50%.
Researchers ran participant simulations to show retirement income spending power could get an almost 30% boost with the strategies.
During the last three years, 492 transactions took place, compared to 146 during a similar period from 2017 through 2019.
Market volatility also contributed to declines in average plan balances, contribution rates and overall plan participation, according to Alight.
An additional 15% are unsure if they will ever be able to retire.
Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.
The left-behind 401(k) accounts are estimated to hold about $1.65 trillion in assets, as of May.
After adoption of automatic enrollment increased consistently over 15 years, plan participation reached a record high in 2022.
Retirement assets accounted for 31% of all household financial assets at the end of March 2023, according to ICI.
BlackRock research shows that emergency savings balances helped low-income households keep more money in their retirement savings accounts during the COVID-19 pandemic.