Emergency Savings Archives - 401k Plan Optimization, Compliance, Investment & Partners

Middle-Class Retirement Gaps Show Where Sponsors and Advisors Can Step In

By Fred Barstein / 401k News, auto enroll, auto escalate, Auto Portability, benefit education, collaboration, Communication, DC plans, Emergency Savings, Employee Benefits, Employee feedback, financial stress, financial stress management, Financial Wellness, Financial Wellness, Gen X, Gen Z, Improving Outcomes, Retirement Income, Retirement Readiness

The retirement outlook for America’s middle class isn’t pretty. New research from the Transamerica Center for Retirement Studies, cited in InvestmentNews, paints a picture of...

When Employees Pause Retirement Savings: Time for Plan Sponsors to Get Involved

By Fred Barstein / 401(k) Plan Management, auto enroll, benefit education, Benefits integration, Communication, Company Contributions and Vesting, Compensation, Compensation, DC Plan Sponsors, Emergency Savings, Employee engagement, Employer Contribution, Fiduciary, Financial Literacy, financial stress management, Financial Wellness, Health & Wellness, Investments, Retirement Readiness, Retirement Savings Concern

Nearly 70% of employees are stressed about their finances and living paycheck to paycheck, according to PNC data cited in a recent Employee Benefit News...

Why Traditional Retirement Benefits Fall Short for Gen Z Workers

By Fred Barstein / 401(k) Plan Management, benefit education, Changing dynamics, DC Plan Sponsors, Digital Design, Digital Tools, diversity, Economy, Emergency Savings, Employee Benefits, Employee happiness, Fiduciary, financial insecurity, Financial Security, financial stress management, Financial Wellness, generational gap in retirement planning, multi-generational workforce, Plan design, Savings Rates

Gen Z Diverse Male And Female Traditional Retirement Benefits

Generation Z workers are rewriting the playbook on retirement planning. Despite being the youngest generation in the workforce, 76% are already saving for retirement through...

Hardship Withdrawals & Loans: What’s Allowed—& What’s Not

By Fred Barstein / Communication, Compliance, Emergency Savings, Fiduciary, Financial Wellness, Financial Wellness, Hardship Withdrawals & Loans, Health & Wellness, Retirement Plan Fees, Retirement plan management, Retirement Savings Concern

Hardship withdrawals and 401(k) loans allow employees to tap into their retirement savings in certain situations, but they come with different rules and consequences. Hardship...

Boost Employee Productivity and Retention with Emergency Savings Benefits

By Fred Barstein / 401k News, benefit education, Benefits integration, Change, DC Plan Sponsors, DC plans, Emergency Savings, Employee engagement, Employee happiness, financial stress management, Financial Wellness, Health & Wellness, healthcare, inflation concerns, Recruiting and Retaining Talent

Financial stress is silently eroding your workforce—97% of employees are feeling the pinch, and it’s hitting your bottom line with increased absenteeism and plummeting productivity. ...

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...

Employee Education: Key to Ensuring Financial Security for Retirement

By Fred Barstein / Auto Portability, benefits committee, Communication, Early retirement, education, Emergency Savings, Employee happiness, Fiduciary, Financial Wellness, Retirement Readiness

Employee Education: Key to Ensuring Financial Security for Retirement Employee education is key to ensuring financial security for retirement, especially when it comes to 401(k)...

Financial Inclusion Is an Opportunity for Employers to Support Financial Security

By Fred Barstein / 401k News, Adaptability, auto re-enroll, benefit education, benefits committee, Client connection, diversity, Emergency Savings, Financial Wellness, Financial Wellness, Inclusion, Retirement Savings Concern

Financial inclusion is about ensuring all individuals have access to essential financial tools and services that enable them to build financial stability and well-being. For...

Financial Wellness: Supporting Employees in Challenging Times

By Fred Barstein / 401k News, Adaptability, benefits committee, Communication, Confidence, DC plans, Economy, Emergency Savings, Employee happiness, Employee training, employer match, financial insecurity, financial literacy, financial stress management, Financial Wellness, Financial Wellness, Health Savings Account, healthcare, Healthcare & other benefits, innovation, Job growth, recession

Financial stress has emerged as a critical issue in the workplace that demands employers’ immediate attention. Recent data from earned wage access company ZayZoon reveals...

Transamerica: For Most Workers, Retirement at Age 65 Isn’t Likely

By Fred Barstein / Behavioral Finance, benefit education, Communication, Compensation, Confidence, Economy, Emergency Savings, Employee happiness, financial behaviors, financial insecurity, financial stress management, financial uncertainty, Financial Wellness, Health & Wellness, Health Savings Account, healthcare, Healthcare & other benefits, hiring, inflation concerns, inflation stress, personal financial advice, Recession, Retirement Happiness, Retirement Plan Testing, Retirement Readiness, Retirement Savings Concern

When it comes to retirement, many middle-class workers are finding themselves in a precarious position. A significant number of American workers plans to continue working...