Lifetime Income Could Cut Retirement System Costs by 20%, Global Study Finds
Retirement savings have grown in many countries, but most systems still leave individuals on their own to manage the risk of outspending or outliving their...
Retirement Savings Concern
Why HR Can’t Stop at Enrollment When It Comes to Retirement Plans
For many companies, the work of managing a retirement plan feels complete once employees are enrolled. But Teresa believes that’s only the starting point. As...
When Employees Pause Retirement Savings: Time for Plan Sponsors to Get Involved
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...
Hardship Withdrawals & Loans: What’s Allowed—& What’s Not
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...
ERISA Advisory Council: 3 Ways to Transform Plan Defaults
The ERISA Advisory Council (EAC) has delivered a roadmap for enhancing qualified default investment alternatives (QDIAs) that could reshape how retirement plan sponsors approach retirement...
Plan Participants Want Lifetime Income Options But Few Plans Offer Them
Although 93% of 401(k) participants say it’s important for their plans to provide lifetime income options like annuities, most plans still only offer lump sum...
Addressing Hourly Workers’ Financial Challenges is Key to Retention and Productivity
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...
Effective Retirement Plan Design Can Help Boost Participation and Savings Rates
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...
Rethinking Retirement as Older Americans Stay in the Workforce
The traditional concept of retirement continues to evolve as a significant majority of older Americans remain in the workforce well into their golden years. A...
Hearts & Wallets: Employees Taking on the Majority of Retirement Planning Responsibility
Employees perceive themselves as largely self-reliant when it comes to retirement planning. So finds recent research by financial benchmarking firm Hearts & Wallets, cited in...
