Retirement savings are up despite the pandemic, Fidelity says
Despite early withdrawals, U.S. employees managed to save more for retirement last year.
Despite early withdrawals, U.S. employees managed to save more for retirement last year.
Nearly 80% of the 1.1 million workers who dropped out of the workforce in September were women, according to U.S. labor statistics.
The financial group also says employee savings rates are on the rise.
The company’s new offering aims to help small and midsize employers more easily add and manage perks to attract and retain talent.
Factors including low interest rates may have contributed to success.
Retirement balances are on the rise, while auto-enrollment is playing a major role in increasing employees’ retirement savings, Fidelity says.
Retirement balances are on the rise, while auto-enrollment is playing a major role in increasing employees’ retirement savings, Fidelity says.
Recent studies suggest that although many Americans have boosted their retirement savings, many people remain worried about their future prospects
Six funds are actively managed, which may surprise plan administrators who think that index funds are the only way to invest.
The firm’s new product, Fidelity Personalized Planning & Advice, gives plan sponsors another way to help employees save more for retirement.
Fidelity Investments is trimming fees on the target-date index funds it sells to retirement plans and rolling out new offerings that combine active and passive strategies.
Millennials are leading the charge when it comes to increasing their retirement account contributions, according to Fidelity Investments.
Millennials are leading the charge when it comes to increasing their retirement account contributions, according to Fidelity Investments.
Following nearly 200 terminations and resignations inside the financial services firm, employers must recognize possibility for abuse.
Following nearly 200 terminations and resignations inside the financial services firm, employers must recognize possibility for abuse.
After auditing a computer reimbursement program, employees were alleged to have returned the equipment to the manufacturer without notifying Fidelity.
Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
It’s an uncomfortable topic, especially after a bruising round of accusations in the 1990s.