Retirement planning

Can state-mandated retirement plans be the start of a national blueprint?

The company, which has more than 700,000 accounts, now allows employees to view their election amounts and total account, investment and cash balances, among other updates.

“It’s an extension of their brand,” Financial Finesse CEO Liz Davidson says.

Definite steps are needed to improve worker prospects: Employees should save more. Clients should offer auto-enrollment. And Congress should make it all easier.

Definite steps are needed to improve worker prospects: Employees should save more. Employers should offer auto-enrollment. And Congress should make it all easier.

Backers say the Secure Act could help the “black hole” of retirement savings — the 50 million Americans without an employer savings plan.

The legislation gives tax credits to small employers automatically enrolling workers and makes it easier for companies to partner to offer joint plans.

Some clients assume this generation doesn’t invest in benefits like 401(k)s, but the reality is much more complicated.

“It’s an extension of their brand,” Financial Finesse CEO Liz Davidson says.

By educating employees about the importance of incubating saver’s credits, employers can make them less likely to cash out their 401(k)s when they change jobs.