Retirement planning

Younger employees need coaxing and encouragement to save for the future.

Younger employees need coaxing and encouragement to save for the future.

Employers should auto-enroll employees, offer health savings accounts and provide financial education online.

The insurance giant will increase the minimum contribution to its defined benefit pension plan, auto-enroll and auto-escalate its 401(k) deductions and offer employer-sponsored legal services.

Advisers are not required to find the best investment for clients -- only what is considered in their best interest.

The company will increase the minimum contribution to its defined benefit pension plan, auto-enroll its 401(k) plan participants and offer employer-paid legal services.

To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.

Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities, says benefits lawyer Carol Buckmann.

Plan sponsors should keep in mind that while the coverage isn’t legally required, it’s needed protection if breach accusations occur.

Plan sponsors are stepping up efforts to help employees save for retirement by adding in automatic features and offering higher matching contributions.