Capital One’s All-ETF Digital 401(k) Business Goes Independent
The focus of the new company, ShareBuilder 401k, will be on expanding coverage among small companies, says the president of the company.
Tag: 401k
Average 401(k) Account Balance Has Soared 466% in Past 10 Years
Fidelity analyzed the balances of those who remained invested in their 401(k) in the decade following the Great Recession of 2008 and found that the balances went from $52,600 to $297,700.
In 2013, Workers Removed $69 Billion from Retirement Savings
Withdrawals from IRAs accounted for most of the leakage, according to the GAO.
Wells Fargo Suggests Generational Approaches to Retirement Saving
Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X and Baby Boomers can successfully save for retirement.
Bill Would Require Employers to Contribute to Workers’ Savings
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year.
Workplace and Retail Advice Should be Complementary
Workers higher up on the income scale typically will utilize workplace retirement advice to get a trusted second opinion, as many of them have an outside primary adviser or broker.
Helping Participants Overcome Savings Biases
Starting people off with a deferral rate of 3% is actually a disservice, experts agree.
Travelers Will Help Employees Save for Retirement While Paying Down Student Debt
The program will go into effect for Travelers' U.S. employees in January 2020.
Health Is a Top Priority for Americans in Retirement
Forty-four percent say that focusing on health and wellness is a primary concern, according to a survey by TD Ameritrade.
Bipartisan Bill Introduced to Create ERISA Annuity Safe Harbor
Two members of the U.S. House of Representatives, one a Democrat and the other a Republican, have introduced H.R. 1439, known as the Increasing Access to a Secure Retirement Act.
Cetera Makes Advice Available for HSAs
It is expanding its retirement plan advice and consulting platform to HSAs and other non-ERISA employer-sponsored plans.
Despite Net Outflows From 401(k)s, Cerulli Sees Opportunities
Cerulli also sees opportunities for advisers in the 403(b), defined benefit (DB), and financial wellness markets.
Thrive Offers Student Loan Debt Repayment Program
Employees can determine how they want to allocate employer 401(k) matching dollars.
Majority of Americans Think They Are on Track for a Secure Retirement
However, they are worried about health care costs.
Longevity to Exacerbate the Challenges Retirees Face
For those 75 and older, out-of-pocket medical costs amount to 20% of their income.
Americans Expect to Be Better Off Financially in 2019
For the 10th consecutive year, their top financial resolution for the New Year is to save more, Fidelity learned in a survey.
More Efforts Needed to Increase Retirement Plan Participant Savings Rates
While automatic enrollment gets participants into plans, a sizable segment are starting their average contributions at a minimum 3.3% rate and failing to take any additional action to increase that, according to J.P. Morgan Asset Management.
S Corporation ESOPs Can Give Workers a Retirement Savings Advantage
In such plans, they have more than twice the average retirement balance of other workers.
2019 Planning for DC Plan Clients
Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.
Americans Favor Workplace Benefits Over Extra Salary
A 401(k) match and health insurance are the benefits they value the most