Retirement

Workers should be especially mindful of market movements during the "fragile decade," the span beginning five years before retirement until five years after retirement.

Clients should be especially mindful of market movements during the "fragile decade," the span beginning five years before retirement until five years after retirement.

More younger workers are prioritizing saving for their post-work years and contributing as much as they can to their 401(k)s — and making sacrifices to do so.

Giving employees the right tools and advice can help to address the retirement savings gap, Mercer says.

The most important consideration is that employees are able to complete the 35-year work period because benefits are based on the 35 highest-paid years from their careers.

Student loan repayment, flexible work schedules and retirement funding are among the perks younger workers are looking for from an employer.

Advisers need to view themselves as more than just the overseers of plan compliance and administration and step up as the champions of a competitive organization.

About 80% of employees say they want to work for a company that offers a repayment program.

A recent trend has seen DB plan sponsors transferring a portion of their plan obligations to insurance companies through the purchase of annuity contracts for the benefit of affected participants.

Clients should plan to replace roughly 80% of their pre-retirement income after they leave the workforce for good.