financial literacy Archives - 401k Plan Optimization, Compliance, Investment & Partners

Fiduciary Training Advocacy Can Help RPAs Build Stronger Client Relationships

By Fred Barstein / 401(k) Plan Management, 401k News, Client connection, Communication, fee lawsuits, Fiduciary, Fiduciary Training, Financial Advisors, financial literacy, Financial Wellness, Regs and Regulators

Retirement plan sponsors who lack proper understanding of their ERISA fiduciary obligations face growing liability risks. What many employers don’t realize is that their fiduciary...

Senior Management’s Involvement in 401k Plans: Why It Makes a Difference

By Fred Barstein / 401k News, Education, Financial Advisors, financial literacy, financial stress management, Financial Wellness, participation, Peer to peer learning, Plan design, Plan Participation, Retirement Happiness, Senior Management Engagement, Senior Management Engagement

Senior Management’s Involvement in 401k Plans: Why It Makes a Difference While it may seem unnecessary to involve senior management in a company’s 401k plan,...

Millennials and Gen Z Embrace AI for Retirement, Experts Urge Caution

By Fred Barstein / 401k News, Adaptability, AI, AI for Retirement, Artificial Intelligence, artificial intelligence, ChatGPT, education, financial literacy, Financial Wellness, Financial Wellness, Gamification Retirement Planning, Gen Z, Life expectancy, Millennials saving, personal financial advice, Retirement Happiness, virtual learning

A recent study from artificial intelligence (AI) platform Pearl reveals that nearly two-thirds of Gen Z and millennials would follow AI-generated retirement advice based on...

The Most Important Attribute of a Great Retirement Plan Advisor

By Fred Barstein / 401k News, Adaptability, adult learning, Authenticity, Client connection, Communication, education, Employee happiness, Fiduciary Training, financial literacy, Financial Wellness, Retirement Plan Advisor

The Most Important Attribute of a Great Retirement Plan Advisor A great retirement plan advisor (RPA) must navigate complex regulations, provide strategic investment guidance, and...

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...

Despite Their Popularity, Target Date Funds May Not Suit All Participants

By Fred Barstein / 401k News, 6th Annual RPA Broker/Dealer Roundtable, Adaptability, adult learning, CEO Engagement, Changing dynamics, Changing Recordkeepers, Committees, competition, DC plans, Early retirement, Fiduciary, financial literacy, Financial Wellness, investment, Investment Managers, Investments-research, product quality, Retirement Plan Advisor, specialized team, Target Date Funds

While target date funds (TDFs) continue to be among the most popular investment choices for 401(k) participants, mounting evidence suggests these default investment options may...

Younger Workers Need More Financial Education

By Fred Barstein / 401k News, adult learning, benefit education, Communication, education, Employee happiness, Employee training, evolving and adapting, Fiduciary Training, financial behaviors, financial insecurity, Financial Literacy, financial literacy, financial stress management, Financial Wellness, Health & Wellness, Millennials Delaying Milestones, multi-generational workforce, Retirement Happiness, student loan debt, War for Talent

A recent survey by Corporate Insight and the SPARK Institute reveals a sobering reality about financial literacy among young Americans. The 2024 Financial Literacy Survey...

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...

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...

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...