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Even as market uncertainty persists, employees using Bank of America Merrill Lynch’s automatic 401(k) savings plans are showing they want to stay the course when it comes to positive savings behavior, according to the firm’s latest quarterly data.
The results come in the firm’s 401(k) Wellness Scorecard detailing its second quarter results.
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The most effective strategies for open enrollment are expected to balance automation with access to trusted experts who guide employees on complex decisions.
As healthcare expenses approach double-digit increases, employers are looking for savings in waste, care delivery, and plan administration before cutting benefits.
The founder and CEO of Empower Healthcare Insights explains how moving beyond traditional healthcare options opens doors to a better experience for employers and employees.
From emergency savings to retirement and AI-powered advice, employers are rethinking financial wellness as workers struggle to keep up with rising costs.
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.
