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

Responding to Cyber Attacks: What Plan Sponsors Must Know

By Fred Barstein / Cyber Security, cybersecurity, cybersecurity insurance, DC Plan Sponsors, DC plans, DOL, DOL Guidance, erisa, ERISA Advisory Council, financial stress management, financial uncertainty, Financial Wellness

Cyberattacks don’t announce themselves. They slip through defenses quietly, often going undetected until participant data is already compromised. Most retirement plan sponsors assume their plan...

Will Banks Reclaim Their Role in the 401(k) Market?

By Fred Barstein / 401(k) Managed Accounts, 401(k) Plan Management, 401k News, 401k plan, Financial Security, financial uncertainty, financial wellness, Managed Accounts, Retirement planning, retirement security, Savings Rates, Target Date Fund

As the number of new 401(k) and 403(b) plans surges—driven by state mandates and rising demand from workers—questions are growing about who will serve this...

Recent ERISA Lawsuits May Alter the Future of Retirement Plan Administration

By Fred Barstein / 401k News, Benchmarking & Fees (ERISA, retirement plan), erisa, ERISA Attorneys, ERISA Co-Fiduciaries, fee lawsuits, Fiduciary, Financial Advisors, financial stress management, financial uncertainty, Financial Wellness, lawsuits, litigation, Retirement Plan Advisor

The retirement plan landscape is shifting beneath our feet as a tidal wave of litigation threatens to fundamentally alter how 401(k) plans are administered. With...

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...

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...

Widespread Adoption of In-Plan Retirement Income Solutions Demands Collaboration

By Fred Barstein / collaboration, evolving and adapting, financial uncertainty, Financial Wellness, Retirement Income, Retirement Income, Retirement Plan Committee

Achieving widespread adoption of retirement income solutions in defined contribution plans requires persistent effort, collaboration, and overcoming significant challenges related to transparency, risk, and incentives. ...

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....

Embracing Change: Leadership in Financial Services

By Fred Barstein / Adaptability, Authenticity, Change, Client connection, Communication, Education, Financial Security, financial uncertainty, Financial Wellness, Health & Wellness, mindfulness

In the dynamic realm of financial services and 401(k) industries, navigating rapid change calls for a shift in mindset and leadership approach. Despite efforts to...

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...