Big Increase in Health Care Costs Projected for Employers in 2024
Aon estimates per-employee cost at more than $15,000, up 8.5% from 2023 figures.
In Practice
Few Americans Report ‘Financial Freedom’ Amid Record High Credit Card Debt
Research from Achieve suggests Americans are struggling to make ends meet, but separate research from WalletHub notes inflation is masking...
Why Short-Term Financial Stress Hurts Long-Term Savings
A T. Rowe Price retirement expert finds participants who take multiple short-term loans end up with less retirement savings—furthering the...
With Roth Use Set to Grow, Vanguard Stresses Participant Education
The firm’s retirement head says its plan sponsor clients are ready for implementation, but participants can use more information.
Plan Adviser Industry Needs to Adapt to Get Younger, More Diverse
A panel of top advisers discusses how to shake up the typical hiring channels, and even how the industry is...
How Advisers Can Help Close Longevity Literacy Gap
Experts recommend providing appropriate interpretation and practical implications of longevity terminology.
WTW: Employers Ramping Up Nonqualified Saving Options to Draw Key Execs
75% of employers made changes or plan to make improvements to their nonqualified deferred compensation plans, according to a survey.
Fidelity: Auto Default Contribution Rate Hits All-Time High of 4.1%
The recordkeeper’s Q2 participant report also finds third-consecutive boost in average retirement account balances on strengthened markets.
Florida, Georgia, and Rhode Island Rank Lowest for Employer-Sponsored Retirement Plans
Iowa, Idaho, and Montana came out on top when it comes to accessibility to workplace 401(k)s, according to analysis from...
Advisers Can Leverage Plan Sponsor Openness to Plan, Investment Changes, Research Finds
Plan sponsor interest in areas such as reenrollment, in-plan retirement income, and financial wellness programs have grown, finds JP Morgan...
New Fiducient Advisors CEO Sees Financial Wellness as Key Focus Area
Sabrina Bailey says she is going back to ‘true roots’ of shaping investing and retirement outcomes for end clients.
Empower Workplace Assets Rise 13% Through Q2, Personal Wealth Jumps 28%
CEO Ed Murphy says rollover capture also increased year-over-year in the quarter for assets with an average of about $100,000.
Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts
A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say...
BofA: Hardship Withdrawals Up 36% As More Prioritize Short-Term Needs
Distributions were down and hardship withdrawals were up, though overall saving rates remained steady, according to the bank’s latest participant...
Experts Forecast More Retirement Plan Options for Gig Workers
The majority of a Transamerica-sponsored panel sees better retirement plan offers and even matching for gig workers by 2026.
Conference Board: Remote Work Better for Employee Retention
Mandatory return to the office programs make attracting and retaining talent more difficult, according to an annual workplace survey.
73% of 401(k) Savers Would Like Personalized Investment Advice
Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers,...
Carson Group Starts Beta Testing for New Financial Wellness Program
The wealth manager plans to join other big RIAs in serving participants with its own financial wellness program, according to...
Vanguard Expands Retirement Clearinghouse Eligibility to IRA Account Holders
The asset manager, which has partnered with the clearinghouse on 401(k) rollovers since 2021, is turning to forgotten IRAs.
BlackRock: Retirement Confidence Shows Steady Decline
BlackRock's annual survey of the retirement space also finds participants are interested in guaranteed income to help with retirement security.