Economy Archives - Page 4 of 8 - 401k Plan Optimization, Compliance, Investment & Partners

Transforming the 401(k) Landscape: Embrace the Change

By Fred Barstein / Adaptability, AI, artificial intelligence, Change, Client connection, collaboration, Communication, Convergence, DC Plan Sponsors, DC plans, Documents & testing, Economy, Fiduciary, Financial Advisors, Financial Wellness, Fintech Record Keepers, mindfulness, Regs and Regulators

The 401(k) and defined contribution industry is going through major changes, driven by a mix of historical events and recent developments. The COVID-19 pandemic has...

Gen Z Most Optimistic About Their Retirement Outlook

By Fred Barstein / Aging Workforce, Behavioral Finance, Communication, Communication, DC plans, diversity, Emergency Savings, Employee Benefits, Employee happiness, Employer Contribution, employer match, Fiduciary, financial behaviors, financial insecurity, financial literacy, financial stress management, Financial Wellness, Future Self, generation x, Health & Wellness, Independence planning, inflation concerns, investment, Job growth, managed accounts, Millennials saving, multi-generational workforce, Partners, personal financial advice, Plan design, Plan Optimization, Plan Participation

Different generations have differing perspectives on their retirement prospects. Generation Z seems to be the most optimistic. A pair of recent BenefitsPro articles highlighted two...

Valuing Employees: The Impact of Employer Matching on Retention

By Fred Barstein / 401k News, benefit education, benefits committee, Communication, Company Contributions and Vesting, Diversity equity inclusion, DOL, Economy, Employee Benefits, Employee engagement, Employee happiness, Employer Contribution, employer match, Fiduciary, Financial Wellness, hiring, inflation concerns, office environment, onboarding, participation, Trust, vesting, War for Talent

Valuing Employees: The Impact of Employer Matching on Retention To encourage employees to stay with a company longer, it’s crucial to make them feel genuinely...

Improved Retirement Confidence Starts with Clarity

By Fred Barstein / adult learning, Behavioral Finance, benefits committee, Benefits integration, Communication, Communication, Confidence, Digital Tools, DOL Guidance, Economy, Employee engagement, Employee happiness, Fiduciary, Financial Advisors, Financial Stress, financial stress management, Financial Wellness, Health & Wellness, inflation concerns, managed financial stress, Peer to peer learning, Retirement Happiness, Retirement Readiness, Retirement Savings Concern

New research from the Employee Benefit Research Institute (EBRI) shows Americans are cautiously confident about their retirement prospects. However, confidence comes from understanding, and many...

Convergence in DC Plans: Challenges, Opportunities & the Path Forward

By Fred Barstein / 401k News, Adaptability, Change, Client connection, Communication, Convergence, Due Diligence, Economy, Employee training, evolving and adapting, Fiduciary, Financial Advisors, mindfulness

The defined contribution industry is buzzing with the potential for advisors and providers to leverage the convergence of wealth, retirement, and benefits at the workplace. ...

401(k) Emergency Withdrawals Now Allowed Under SECURE 2.0

By Fred Barstein / 401k News, Adaptability, benefit education, benefits committee, Change, Communication, Economy, Emergency Savings, Fiduciary, Fiduciary, financial behaviors, financial literacy, Financial Wellness, Health Savings Account, healthcare, Healthcare & other benefits, Retirement Happiness, Retirement Income, Retirement Readiness, Retirement Savings Concern

New guidance is out from the Internal Revenue Service and Dept. of Treasury regarding required minimum distributions (RMDs), including 401(k) withdrawals due to emergency expenses....

Emergency Savings Rates are Low, Retirement Anxiety is High

By Fred Barstein / 401k News, Adaptability, Behavioral Finance, Communication, Company Contributions and Vesting, Compensation, debt relief, Economy, Emergency Savings, Employee Benefits, Employee happiness, employer match, evolving and adapting, Fiduciary, financial behaviors, Financial Wellness, inflation concerns, inflation stress, Job growth, recession, Regs and Regulators, Retirement Savings Concern

Most Americans are anxious about being able to retire comfortably. It’s no wonder – few adults can barely afford a $400 emergency, let alone save...

Enhancing Recruitment & Retention With Strategic Retirement Plan Design

By Fred Barstein / 401k News, benefits committee, Client connection, Communication, Company Contributions and Vesting, Compensation, Compliance, Economy, Employee happiness, Fiduciary, financial stress management, Financial Wellness, Plan Participation, recruiting

Enhancing Recruitment & Retention With Strategic Retirement Plan Design Designing retirement plans to aid in recruitment and retention is increasingly crucial in today’s competitive job...

Evolving RPAs: Transforming Modern 401(k) and 403(b) Plans

By Fred Barstein / Adaptability, Authenticity, Change, Client connection, collaboration, Communication, Digital Tools, diversity, Economy, education, Employee happiness, evolving and adapting, Fiduciary, Financial Advisors, financial stress, Financial Wellness, innovation, investment, Mobile apps, Regs and Regulators

The evolution of 401(k) and 403(b) plans from simple savings tools to comprehensive financial solutions has transformed the role of Retirement Plan Advisors (RPAs). Initially,...

Leveraging 401(k) Power for Competitive Recruitment

By Fred Barstein / 401k News, auto enroll, auto escalate, benefit education, benefits committee, Benefits integration, collaboration, Communication, DC Plan Sponsors, Diversity equity inclusion, Employee happiness, Employer Contribution, Fiduciary, Financial Wellness, Health & Wellness, hiring, Job growth, office environment, onboarding, participation, Plan Optimization, Recruiting and Retaining Talent, Vesting

Leveraging 401(k) Power for Competitive Recruitment In today’s fiercely competitive job market, companies need to differentiate themselves by offering more than just a competitive salary. ...