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

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...

Financial Strain Impacts 3 in 4 U.S. Workers, New Study Reveals

By Fred Barstein / 401k News, benefits committee, Benefits integration, Compensation, debt relief, Employee Benefits, financial behaviors, financial insecurity, Financial Literacy, financial stress, financial stress management, Financial Wellness, Health & Wellness, investment, personal financial advice, Retirement Readiness

A new study reveals a concerning financial reality for American workers: nearly 75% are living paycheck to paycheck, struggling to cover more than their basic...

Tackling Financial Stress Through Wellness Programs

By Fred Barstein / 401k News, benefit education, Economy, Employee Benefits, Employee engagement, Employee happiness, Financial Literacy, financial stress, Financial Wellness, financial wellness programs, HR, Independence planning, inflation stress, Retirement Readiness

Tackling Financial Stress Through Wellness Programs Addressing financial stress has become a critical focus for employers as its impact on productivity and mental health becomes...

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,...

Savings Rates Hit Record Highs While Retirees Are Still Returning to Work

By Fred Barstein / 401k News, Adaptability, Aging Workforce, annuity, Communication, Communication, Compensation, Economy, Emergency Savings, Employer Contribution, employer match, evolving and adapting, financial insecurity, Financial Security, financial stress, Financial Wellness, hiring, inflation stress

A pair of articles in Employee Benefit News recently spotlighted two seemingly opposing trends: Americans’ 401(k) savings rate has hit an all-time high. Nonetheless, many...

Nationwide: Most Americans Don’t Expect to Retire at Age 65

By Fred Barstein / 401k News, Economy, Emergency Savings, Financial Advice, Financial Advisors, Financial Security, financial stress, Financial Stress, financial uncertainty, Financial Wellness, Health & Wellness, inflation, inflation concerns, inflation stress, Insurance, Investment Managers, Investments, Legislation, recession, Retirement Income

Many Americans aren’t planning to retire at age 65, and they expect to have more challenges in their post-career years than their parents and grandparents....

GoBankingRates: Nearly 30% of American Workers Have Zero Retirement Savings

By Fred Barstein / 401k News, Communication, DC plans, Economy, Emergency Savings, Employee engagement, Employee happiness, Fiduciary, Fiduciary, financial insecurity, financial stress, financial uncertainty, Financial Wellness, inflation concerns, Millennials saving, participation, Retirement Plan Committee, Retirement Plan Fiduciary, Retirement Readiness, Retirement Savings Concern

Many Americans are facing a very real possibility of retiring with inadequate savings. A pair of articles in Employee Benefit News and BenefitsPro covered a...

Low-Income Earners, Women Face Unique Barriers to Retirement Savings

By Fred Barstein / 401k News, Communication, Compensation, Economy, Employee happiness, Fiduciary, Financial Security, financial stress, financial uncertainty, Financial Wellness, inflation concerns, inflation stress, Job growth, retirement security, Senior Management Engagement

It isn’t easy for most Americans to save for retirement, especially in recent years amid soaring inflation and persistent economic uncertainty. However, certain demographics are...

Women & Men Think Differently About Money, Jobs, & the Economy

By Fred Barstein / Behavioral Finance, benefit education, Communication, Confidence, Economy, Emergency Savings, financial insecurity, financial stress, Financial Stress, financial stress management, financial uncertainty, Financial Wellness, Health & Wellness, Retirement Readiness, Retirement Savings Concern

Financial Literacy and Financial Wellness Are Two Different Things

It’s no secret – men and women think differently, and that includes their sentiments about their finances, jobs, and the economy. A recent survey from...

Innovative Benefits for Working Parents to Prevent Retirement Regrets

By Fred Barstein / Adaptability, adult learning, benefit education, benefits committee, Benefits integration, Communication, Compensation, Confidence, Convergence, debt relief, Emergency Savings, Employee happiness, Fiduciary, financial stress, financial stress management, Financial Wellness, Health & Wellness, healthcare, Inclusion, Retirement Plan Committee

The majority of current retirees have regrets about their retirement savings. Specifically, 86% wishes they had saved more for their post-working years, according to a...