How Pennies, Instead of Percents, Can Drive Participant Engagement
An adviser and plan sponsor discuss the way simplicity and communication turned around retirement saving fortunes at California’s Bicycle Casino.
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.
ADP, Morningstar Launch Managed Accounts for Small Business 401(k)s
Payroll provider and investment manager cite goal of providing personalized retirement portfolio guidance to underserved small-employer market.
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, according to Schwab’s annual 401(k) participant survey.
Why the Winners
In-Person Client Meetings Return as Pandemic Dims, Volatility Remains
A recent survey shows that advisers are doing more in-person meetings amid overall increased client touchpoints.
What Participants Need
A Step in a New Direction
Personalization Push Heightens Need for Advisers to Vet Cybersecurity
As advisers seek more participant personalization from retirement recordkeepers, they also need to ramp up their focus on cybersecurity from providers, according to industry participants.
Gallagher to Continue Push Into Retirement Advisement in 2023
Insurance powerhouse Gallagher’s pending acquisition of Buck will further its strategy of providing the full scope of financial planning to group plans and participants, its retirement head tells PLANADVISER.
Experts: Employers Can Help with Student Loan Management
There are numerous student loan debt assistance and benefit options that advisers can bring to employers, according to a panel of experts who met last week.
53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers
U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored plan don’t go beyond self-service options, according to Hearts & Wallets.
Participant Data is Key to Developing Better Financial Wellness Programs
Participants are comfortable with providing a variety of personal data points to their financial advisers, in the hopes that they will, in turn, receive more personalized and relevant financial advice.
Unmarried and Married Women Have Different Levels of Retirement Confidence
EBRI research demonstrates that unmarried women are significantly less confident in their ability to live securely in retirement than their married counterparts.
The New Vesting Schedule Debate
Equitable Financial Settles SEC Charges for $50M
The market regulator says the firm provided misleading account statements to investors.
Americans’ Retirement Expectations Remain Fluid
Survey results from WTW show the pandemic has changed the way different age groups set retirement expectations.
A Capitol Hill Update With SSGA’s Melissa Kahn
The Role of the 401(k) in Today’s Tight Labor Market
Designing a retirement plan that meets the needs of the business—and today’s employees—requires a fresh outlook.
What Exactly Is Driving the Great Resignation?
Panelists at EBRI’s Spring Policy Forum discussed how various demographic groups tend to reenter the labor force, how workers are supporting themselves if they choose not to return and various other factors impacting labor force participation in 2022.