IMGCAP(1)]
Tue Dec 20, 2011 5:48am EST (Reuters) – Southwest Airlines pilots are now free to retire about the country. That’s because they have the nation’s best 401(k) plan.
IMGCAP(1)]
Tue Dec 20, 2011 5:48am EST (Reuters) – Southwest Airlines pilots are now free to retire about the country. That’s because they have the nation’s best 401(k) plan.
For reprint and licensing requests for this article, click here.
Workers estimate they’ll need over $5K in monthly retirement income, but many have no clear strategy for turning savings and investments into a steady paycheck.
For smaller organizations without dedicated human resources staff, routine tasks can mask bigger risks tied to employee disputes, benefits administration, and compliance requirements.
From fiduciary guidance to financial education, advisers are taking on more responsibility as sponsors expand investment choices and focus on participant outcomes.
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.