auto enroll Archives - 401k Plan Optimization, Compliance, Investment & Partners

Plan Participants Want Lifetime Income Options But Few Plans Offer Them

By Fred Barstein / Adaptability, auto enroll, Auto Portability, Collective Investment Trust, Confidence, DC Plan Sponsors, Employee happiness, esg funds, Fiduciary, Financial Wellness, Improving Outcomes, investment, Life expectancy, Lifetime Income Options, Retirement Income, retirement income annuity, Retirement Savings Concern, Target Date Fund

Although 93% of 401(k) participants say it’s important for their plans to provide lifetime income options like annuities, most plans still only offer lump sum...

Smarter Saving Through Auto-Escalation

By Fred Barstein / 401k plan, auto enroll, auto escalate, Auto Portability, Compensation, DC Plan Sponsors, Employee engagement, Employee feedback, Fiduciary, Financial Wellness, Retirement Readiness

Smarter Saving Through Auto-Escalation Automatic enrollment with auto-escalation is not only a smart way to help employees save more for retirement—it gets them started right...

401(k) Plans Offer a Strategic Advantage in Economic Downturns

By Fred Barstein / 401k News, 401k plan, 401k rollovers, auto enroll, auto escalate, Auto Portability, Communication, DC plans, diversity, diversity, Economy, Employee engagement, employer match, Financial Security, Financial Wellness, Independence planning, investment, Investment Managers, Recordkeeping

Recessions don’t announce themselves with a save-the-date card. When they arrive, plan sponsors and ERISA fiduciaries face mounting pressure to safeguard participants’ retirement savings. The...

Addressing Hourly Workers’ Financial Challenges is Key to Retention and Productivity

By Fred Barstein / 401k News, Adaptability, Artificial Intelligence, auto enroll, Behavioral Finance, benefit education, Communication, Digital Tools, Employee engagement, Fiduciary, Financial Advice, Financial Literacy, financial stress, Financial Wellness, Financial Wellness, Retirement Savings Concern, retirement security

Six in 10 hourly workers are struggling financially, with many working multiple jobs just to stay afloat. For retirement plan sponsors, this harsh reality creates...

Effective Retirement Plan Design Can Help Boost Participation and Savings Rates

By Fred Barstein / Adaptability, auto enroll, Auto Portability, benefit education, DC plans, Economy, Emergency Savings, Employee engagement, Fiduciary, Ideal Plan, investment, participation, Plan Participation, Retirement Readiness, Retirement Savings Concern, Savings Rates

Retirement Plan Design Participation Savings

Although retirement planning is a top priority for many Americans, significant barriers persist. Nearly one in four workers with access to employer-sponsored retirement plans don’t...

New Auto Savings Features Could Help Address the Job Mobility Challenge

By Fred Barstein / 401k rollovers, Adaptability, auto enroll, auto escalate, Auto Portability, auto re-enroll, Changing dynamics, Company Contributions and Vesting, Consolidation, DC plans, Economy, Financial Wellness, Financial Wellness, investment, participation, Plan Participation, Regs and Regulators

The average employee changes jobs nine times throughout their career, creating a challenge for traditional 401(k) savers. A recent panel discussion hosted by the Brookings...

The Pros and Cons of Automatic Enrollment in Retirement Plans

By Fred Barstein / 401k News, 6th Annual RPA Broker/Dealer Roundtable, auto enroll, Benefits integration, CEO Engagement, Changing dynamics, Changing Recordkeepers, Client connection, Communication, Company Contributions and Vesting, DC Plan Sponsors, Employee Benefits, Fiduciary, Financial Advisors, Financial Literacy, Financial Wellness, Financial Wellness, HR, HR, Ideal Plan, Improving Outcomes, IRA Roll overs and Roll ins, office environment, onboarding, participation, Plan design, Plan Participation, product quality, Retirement Advisory, Retirement Readiness, specialized team

The Pros and Cons of Automatic Enrollment in Retirement Plans Automatic enrollment in 401(k) and other retirement plans has gained popularity as a tool to...

Auto-Enrollment: Breaking Barriers to Retirement Savings

By Fred Barstein / 6th Annual RPA Broker/Dealer Roundtable, adult learning, auto enroll, auto escalate, Auto Portability, benefit education, benefits committee, CEO Engagement, Changing dynamics, Changing Recordkeepers, Communication, DC Plan Sponsors, Early retirement, Employee happiness, employer match, Fiduciary, financial literacy, Financial Wellness, product quality, Savings Rates, specialized team

Auto-Enrollment: Breaking Barriers to Retirement Savings Saving for retirement can be challenging for many employees. Financial constraints, lack of awareness, or simply not knowing where...

Is a PEO the Right Fit for Your Small Business?

By Fred Barstein / 401k News, Adaptability, auto enroll, auto escalate, Auto Portability, benefit education, benefits committee, Benefits integration, collaboration, Communication, Compliance, DC plans, Financial Wellness, Health & Wellness, healthcare, Healthcare & other benefits, HR, PEO, Record Keepers, Retirement Committee

Is a PEO the Right Fit for Your Small Business? For small businesses, managing employee benefits and retirement plans is a critical but challenging responsibility. ...

Transforming 401(k) Plans Through AI

By Fred Barstein / 401k News, AI, artificial intelligence, auto enroll, Auto Portability, automation, Benchmarking & Monitoring Fees & Partners, benefit education, Client connection, Communication, Consolidation, DC Plan Sponsors, Digital Tools, Economy, ESG, Fiduciary, Financial Advisors, financial literacy, Financial Wellness, innovation, Managed Accounts, Regs and Regulators, Robo Advisor Technology, Selecting & Monitoring

Artificial intelligence (AI) could transform the 401(k) industry in a way similar to the impact behavioral finance has had on retirement planning. While the industry...