Digital Tools Archives - Page 2 of 6 - 401k Plan Optimization, Compliance, Investment & Partners

The $800B IRA Rollover Challenge: Can Advisors Keep Up?

By Fred Barstein / 401k News, 401k rollovers, Benefits integration, collaboration, Communication, Convergence, DC Plan Sponsors, DC plans, Digital Tools, Fiduciary, Financial Advisors, IRA Roll overs and Roll ins, Retirement Income

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Each year, an estimated $800 billion leaks from 401(k) plans into IRAs—often bypassing plan advisors. Major record keepers like Fidelity, Schwab, and Vanguard dominate this...

The Coming of Age for Defined Contribution Plans

By Fred Barstein / 401k plan, Adaptability, AI, AI for Retirement, Changing Recordkeepers, collaboration, Collective Investment Trust, Convergence, DC plans, Digital Tools, Economy, Financial Advisors, Record Keepers, Target Date Funds

The 401(k) Industry Is Growing Up—Fast. With $12.5 trillion in assets, 100 million+ accounts, and 800,000 plans, 401(k) and 403(b) plans have officially moved from...

Overcoming Challenges in 401(k) Record Keeping: John Hancock’s New Approach

By Fred Barstein / AI, AI for Retirement, artificial intelligence, automation, Changing dynamics, Digital Design, Digital Tools, Financial Advisors, Fintech Record Keepers, Overcoming Challenges, Record Keepers, Recordkeeping

There are significant challenges for 401(k) and 403(b) record keepers still relying on outdated technology, much of it built in the 1990s using mainframe coding...

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...

How Consolidation & Convergence Are Shaping the 401(k) Industry

By Fred Barstein / 401k News, acquisition, Adaptability, Changing dynamics, Changing Recordkeepers, Consolidation, Convergence, Digital Tools, Employee happiness, Financial Wellness

The 401(k) industry is undergoing significant changes due to consolidation and convergence, driven by the increasing demand for plan sponsors to support employees and the...

John Hancock and Vestwell Partnership Signals Digital Evolution for the Retirement Industry

By Fred Barstein / 401k News, 6th Annual RPA Broker/Dealer Roundtable, CEO Engagement, Changing dynamics, Changing Recordkeepers, Committees, DC Plan Sponsors, Digital Design, Digital Tools, education, Fiduciary, Financial Wellness, Improving Outcomes, innovation, investment, product quality, Retirement Plan Advisor, Retirement plan management, Retirement Plan Testing, Retirement Readiness, Savings Rates, specialized team

In a move that signals a significant leap forward for the retirement industry, John Hancock Retirement has launched FutureStep™, an innovative open-architecture retirement plan solution...

Longevity, Early Retirement Create Unique Challenges for Retirement Plan Sponsors

By Fred Barstein / 401k News, Adaptability, benefit education, benefits committee, Benefits integration, Communication, Compensation, Confidence, DC Plan Sponsors, DC plans, Digital Tools, Diversity equity inclusion, Early retirement, Employee Benefits, Employee engagement, Employee happiness, employer match, Fiduciary, financial literacy, Financial Security, Financial Stress, financial stress management, financial uncertainty, Financial Wellness, Healthcare & other benefits, inflation concerns, Mobile apps, multi-generational workforce, participation, Retirement Income, Retirement Readiness, Retirement Savings Concern

Problem Solution Buttons Show Answers And Guidance

As life expectancy continues to increase, employers are grappling with how to help their workers properly plan and save for longer retirements. According to John...

The Case for Professional Retirement Plan Fiduciary Services

By Fred Barstein / 401k News, Adaptability, AI, Changing dynamics, Communication, Cyber Security, DC Plan Sponsors, Digital Tools, DOL, Employee engagement, evolving and adapting, Fiduciary, Financial Wellness, Professional Retirement Plan Fiduciary Services, Retirement Committee, Retirement Plan Fiduciary, Retirement Readiness, Retirement Savings Concern, Secure Act Changes

Remember when managing a retirement plan was simpler? Ah, the good old days. Today’s retirement plan sponsors face an increasingly complex web of ERISA requirements,...

RPA Aggregator Roundtable: Navigating a Radical Shift in Retirement

By Fred Barstein / 401k News, 6th Annual RPA Broker/Dealer Roundtable, Adaptability, AI, artificial intelligence, automation, Benchmarking & Fees (ERISA, retirement plan), Changing dynamics, Communication, Digital Tools, education, evolving and adapting, Fiduciary, Financial Advisors, financial literacy, financial wellness, Governance, Investments, Recordkeeping, Regs and Regulators, Retirement Income, RPA Aggregator Roundtable

At the seventh annual RPA Aggregator Roundtable, industry leaders tackled a transformative shift in the retirement space driven by three major trends: Scaling Advice: With...

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...