The majority (55%) of Gen Yers have not started to save for retirement, and fewer than a quarter (21%) are actively planning for retirement, according to Scottrade.
Defined contribution plans using automatic enrollment increased plan participation rates by nearly 30%, according to a study, but the contribution rate at enrollment is too low.
Transamerica Retirement Services unveiled a mobile application that it says allows employees to enroll in a retirement plan in as little as three minutes.
Merrill Lynch hosted a Webcast this week called, “It’s Your Future: What Young Americans Need to Know About Retirement,” hosted by former ABC News anchor, Charles Gibson.
Panelists at the Virtual PLANADVISER National Conference discussed ways advisers should reconnect with plan sponsors and sweep away some of the old cobwebs surrounding retirement plans.
Laying it all out on the table, PLANSPONSOR and PLANADVISER’s Editor-in-Chief, Nevin E. Adams, opened the first Virtual PLANADVISER National Conference (VPANC) by outlining the top 10 trends...
Over the past two years, the youngest generation in the workforce has become more engaged in learning about the benefits available to them, according to Unum.
A LIMRA study found defined contribution plan participation and deferral rates are nearly identical for women and men, yet women's totals are falling short.
An Aon Hewitt survey reveals that just 38% of employers are confident that workers are taking accountability for their financial future, down from 43% in 2010.
Savannah, Georgia-based Memorial Health will suspend its matching contributions to employees’ retirement accounts for at least a year, beginning February 1.
A report from Aon Hewitt suggests that Generation Y workers (ages 18 to 30) may be most at risk for not having enough savings in retirement, despite having...