Financial Wellness Archives - Page 20 of 34 - 401k Plan Optimization, Compliance, Investment & Partners

Financial Wellness Improves Employee Satisfaction & Retirement Security

By Fred Barstein / 401k News, Communication, Confidence, Economy, Emergency Savings, Employee engagement, employer match, Fiduciary, Financial Advice, Financial Advisors, Financial Literacy, financial stress management, Financial Wellness, financial wellness, Health & Wellness, Improving Outcomes, inflation stress, innovation, investment comittee

Amid inflationary fears and economic uncertainty, financial stress is an all-too-common part of life for many employees. Money stress not only affects workers’ personal lives...

DOL Finalizes New Fiduciary Rule: Industry Reception Is a Mixed Bag

By Fred Barstein / 401k News, Change, courts, DC plans, Documents & testing, DOL, DOL Guidance, Fiduciary, Financial Advisors, Financial Wellness, Legislation

The Department of Labor (DOL) finalized the Retirement Security Rule last week. It’s set to take effect on September 23. The rule revises the definition...

Navigating the Winds of Change: Retirement Industry Evolution

By Fred Barstein / 401k News, Adaptability, Change, Client connection, Communication, Consolidation, Convergence, DC Plan Sponsors, Fiduciary, Financial Advisors, Financial Wellness, Regs and Regulators

As the winds of change sweep through the retirement industry, one thing becomes clear: resistance is futile. The inevitable tide of transformation, fueled by societal...

Embracing Change: The Evolution of the Retirement Industry

By Fred Barstein / 401k News, Adaptability, artificial intelligence, benefit education, Client connection, Communication, Creative approach, DC Plan Sponsors, Fiduciary, Financial Security, Financial Wellness, innovation

Fred Barstein, CEO/Founder of TPSU|TRAU|401ktv with Brian Thompson, Founder & President, RockWay Wealth Partners In the retirement industry, change is a powerful force reshaping the...

Employers Can Bridge Generational & Gender Gaps in Financial Well-Being

By Fred Barstein / Aging Workforce, benefit education, Communication, Confidence, Convergence, Employee Benefits, Employee feedback, Fertility Benefits, Fiduciary, financial insecurity, Financial Security, financial stress management, Financial Wellness, healthcare, Inclusion, Millennials Delaying Milestones, multi-generational workforce

In today’s diverse workforce, employers face the unique challenge of addressing the financial well-being of employees across different generations and genders. With the rise of...

DOL Fiduciary Rule Update Could Prompt 401(k) Plan Changes

By Fred Barstein / DC Plan Sponsors, DC plans, DOL, DOL Guidance, Fiduciary, Financial Advisors, Financial Wellness, investment

Another iteration of the Department of Labor (DOL) fiduciary rule is in progress. Proposed in 2023, this version seeks to protect investors by ensuring financial...

Democratizing Financial Planning: A Promising Workplace Model

By Fred Barstein / Economy, Fiduciary, Financial Advice, Financial Advisors, Financial Wellness, Investment Policy Statement, Target Date Funds

The debate over financial wellness initiatives versus tangible outcomes has prompted skepticism about the feasibility of offering personalized financial planning to a broad audience. Despite...

Fostering Feedback: The Key to Effective Retirement Planning

By Fred Barstein / 401k News, benefits committee, Communication, DC plans, Diversity equity inclusion, DOL Guidance, Employee engagement, Employee feedback, Fiduciary, Financial Wellness, participation, Retirement Readiness, Secure Act Changes

Fred Barstein CEO/Founder TPSU with Delia, HR Representative – Des Moines In today’s workplace, fostering an environment where employees feel heard is just as crucial...

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...