Student loan debt repayment area of benefits innovation
As companies strive to find new and better ways to attract and retain skilled workers, some are exploring student loan debt repayment as a way to differentiate themselves from the competition.
Paula Gladych
Freelance writer
Financial pressures affect absenteeism rates
Workers who are stressed about finances are absent on average 3.5 days per year, compared to 1.9 days for those who are not stressed about money, pointing to a need for more robust workplace financial wellness programs.
How advisers can help workers deal with longevity risk
Brokers and clients should educate workers about the need to accumulate enough savings.
Defined contribution plans in need of makeover
Since 401(k) plans were never designed to be the sole source of retirement income for workers, it may be time to upgrade them so they serve a more similar purpose to DB plans.
How employers can help workers deal with longevity risk
Companies have an important role to play in helping educate workers about the need to accumulate enough savings to last for what could be a 30-year retirement.
Helping small employers launch retirement plans
A 401(k) plan is one way to attract and retain workers, but many small businesses don’t know where to begin
Small companies needn’t fear launching retirement plan
An employer-sponsored 401(k) plan is one way to attract and retain workers, but many small businesses don’t know where to begin.
Buyer risk tolerance for pension liabilities increasing
In a competitive M&A environment, purchasers are becoming more willing to take on pension and post-retiree medical obligations, finds new Mercer research.
Helping employees understand the retirement savings contributions credit
Advisers can assist employers in promoting the benefit, offered to low- to moderate-income workers who put money in a 401(k), 403(b) or IRA plans.
Food bank offers employees low-cost loans to stem 403(b) plan leakage
The Alameda County Community Food bank in Oakland, California, works with SimpleFi to offer workers a unique financial wellness benefit.
Few workers aware of retirement savings contributions credit
Employers can play a huge role in promoting the benefit, which is offered to low- to moderate-income workers who put money away in a 401(k), 403(b) or IRA.
Helping employers retain women using gender-specific benefits education
Advisers can work with clients to boost company loyalty with programs that teach female workers about health and retirement plans.
Examining the retirement proposals in Obama’s budget
The plan includes discussion of auto IRAs, state-run 401(k) plans and personal IRAs that would be available to Americans through the workplace.
Gender-specific benefits education plays role in retaining women
Despite pay equity issues, programs focused on teaching female workers about health and retirement plans boost company loyalty and workplace diversity.
Employers keen to add managed accounts to 401(k) plan lineup
Professionally managed accounts can play a role in helping employees be better prepared for retirement, yet many workers don’t have a good understanding of how they work.
5 reasons to reconsider your 401(k) plan provider
Lack of communication and conflicts of interest are two areas plan sponsors should review when determining whether to change 401(k) plan providers.
Behind Fidelity’s move into private exchanges
The wealth management company launches an online benefit marketplace, seeing an opportunity to serve small to midsized employers that are increasingly looking for health and retirement alternatives.
What employers need to know about the Montanile case
A Supreme Court ruling in Montanile v. Board of Trustees of the National Elevator Industry Health Plan could have negative implications for medical benefit plans, pensions and profit sharing plans.
401(k) plan participants saving more, taking out less
Are retirement plan education efforts paying off? Participant deferral rates in defined contribution plans are the highest in years and loan usage the lowest, according to the latest research from the Plan Sponsor Council of America.
SEC outlines 2016 priorities
As part of its ReTIRE initiative, the SEC will continue to examine the reasonable basis for recommendations made to investors, conflicts of interest, supervision and compliance controls and marketing and disclosure practices.