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Ted Benna is credited with creating the 401(k), the ubiquitous retirement savings plan that supports millions of workers on their path to retirement. But even he recognizes that the outlook around retirement may need some adjustments.
“I was thinking about those who still aren’t able to save for the future, like hourly employees or college graduates,” Benna says. “Most employees down at this level still need help dealing with their financial matters.”
Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio
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U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
Transamerica Institute finds more middle-class workers expect to fund retirement through 401(k)s and other savings, but financial pressures could derail those plans.
The CRO of retirement plan provider Human Interest explains how employers can simplify retirement plans and boost participation.
A wide range of employers are expressing a greater desire to measure risk, achieve more predictable retirement benefit costs, and retain top talent.
Cash-balance plans lead the way in groundswell of support for offering a more meaningful approach to generating retirement income for cash-strapped workers.
