Retirement

Speakers at the conference shared how private exchanges are evolving, selling with technology, sales tips and more.

Younger employees are out-investing their older coworkers, with a large number contributing to a savings vehicle for their post-work years.

More younger workers are prioritizing saving for their post-work years and contributing as much as they can to their 401(k)s — and making sacrifices to do so.

Workers should be especially mindful of market movements during the "fragile decade," the span beginning five years before retirement until five years after retirement.

Clients should be especially mindful of market movements during the "fragile decade," the span beginning five years before retirement until five years after retirement.

More younger workers are prioritizing saving for their post-work years and contributing as much as they can to their 401(k)s — and making sacrifices to do so.

Giving employees the right tools and advice can help to address the retirement savings gap, Mercer says.

The most important consideration is that employees are able to complete the 35-year work period because benefits are based on the 35 highest-paid years from their careers.

Student loan repayment, flexible work schedules and retirement funding are among the perks younger workers are looking for from an employer.

Advisers need to view themselves as more than just the overseers of plan compliance and administration and step up as the champions of a competitive organization.