Paula Aven Gladych

If employees are not well prepared for retirement it should be a major concern for both employees and their employers, experts say.

The state of Nevada Public Employees’ Deferred Compensation Program chose Voya Financial, Inc.’s retirement business to serve as its single service provider.

When people speak about retirement and security, women often get overlooked, but they are one of the most vulnerable segments of society.

Employer-sponsored defined contribution plans have become the go-to retirement vehicle for the majority of workers in the U.S. but more needs to be done to get employees to not only save but to save more.

April was a better month for the 100 largest U.S. corporate pension plans, with their funded status rising to 82.6% from 80.9%.

When saving for the future, many people opt focus on their children’s opportunities rather than their own. The College Savings Plan Network encourages employers to offer benefits options, such as a 529 college investment plan, to help their employees save for their children’s college educations.

As U.S. employers move away from defined benefit pension plans in favor of self-directed retirement accounts, workers have become responsible for their own investment and longevity risk in retirement – something they’ve never had to deal with before and don’t understand very well.

Younger workers have begun to recognize that working well into their traditional retirement age will likely be the new normal, as Social Security and even workplace savings plans may not support their lifestyles.

More employers are moving to a holistic benefits education approach that addresses health care and retirement savings at the same time.

Retirement account balances reached a record high $91,800 in the first quarter of 2015, and more than 1 million people increased the rate at which they are putting money aside for the future.

More than a third of DC plan sponsors are unaware of their fiduciary responsibilities, and some are also confused about what qualifies as a QDIA.

It is safe to say that Ron Surz is passionate about retirement, particularly when it comes to target-date funds. Surz, president and CEO of San Clemente, Calif.-based Target Date Solutions, believes that too much risk is placed in TDFs, which have become the go-to default investment in many employer-sponsored retirement plans.

The funded status of the 100 largest corporate pensions dropped by $6 billion in March, increasing the deficit to $349 billion, according to the Milliman 100 Pension Funding Index.

Rep. Joe Crowley, D-NY, vice chair of the Democratic Caucus, unveiled a plan this week that would address the savings and retirement security crisis in America by giving families better ways to save for the future and retire with dignity.

Employee retirement confidences levels have risen to their highest since the recession. And although confidence levels have jumped in recent years, many are still expecting to work further into their retirement years to make up for any unpreparedness.

Voya Financial, Inc. has hired a new CEO of retirement. Charles Nelson will join the company on May 1, overseeing tax-exempt and corporate markets and retail wealth management.

Financial experts say that people should try to replace 70%-80% of their current income in retirement, but current statistics suggest that employees need to make the right arrangements to do so.

The past year was not a good one for the top 100 corporate pensions, according to research by Towers Watson. Falling interest rates and increased liabilities from updated mortality assumptions combined in 2014 to eradicate most of the gains from the previous year, Towers Watson found. The average funded status of the Towers Watson Pension 100 fell from 89% to 81% in 2014, even though plan assets gained in value. One bright note was that plan sponsors…

The much-anticipated rule that provides a new definition of who is a fiduciary was released by DOL this week to much fanfare. And while most people agree there won’t be much impact on plan sponsors, there are passionate groups on both sides of the aisle fighting for or against this new proposal.

Employees and employers need to make sure their 401(k), 403(b) and 457 plan assets are in the right allocations for where they are in life, and that means revisiting those allocations on a regular basis.