Strategies to close the retirement gap for Latinx employees
The COVID-19 crisis is creating greater challenges for certain employee demographics, impacting their ability to save for retirement.
Retirement benefits
Benefits Think Every dollar counts in today’s zero-interest-rate environment
With rates likely to remain low, investors, and especially participants in sponsored 401(k) plans, need every dollar they can save to achieve their goals in retirement.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Falling interest rates, coronavirus threaten retirement security
Retirement security in the U.S. is facing elevated threats of lower interest rates, recession, income inequality and climate-related natural disasters.
Introducing EBA’s 2020 Adviser of the Year winners
These advisers and strategic consultants have diverse backgrounds and a drive for excellence that goes beyond the traditional broker responsibilities.
Retirement accounts at ‘serious risk’ as COVID-19 spurs bankruptcies
To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.
Coronavirus crisis highlights need for retirement system overhaul
The original purpose for a 401(k) plan was not supposed to be the primary retirement vehicle for U.S. employees, says Harry Dalessio, the head of institutional retirement plan services at Prudential Retirement.
Security Benefit expands retirement platform with new mobile app
The financial planning tool gives participants mobile access to their mutual fund retirement accounts and offers a series of features that make retirement planning easier.
Benefits Think What the CARES act retirement plan and IRA provisions mean for your employees
A comprehensive guide to how these provisions affect employees' retirement plannings from organizations of all sizes.
Benefits Think Mitigating COVID-19’s catastrophic impact on retirement readiness
Defined contribution plan participants will seriously diminish their retirement savings if they prematurely cash out all or part of their 401(k) savings account balances.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
ERISA savings plans: A cautionary tale for clients
If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.
Benefits Think Protecting 401(k) borrowers from default regardless of the economic environment
While recessions are almost impossible to predict, employers can plan for the financial impact caused by workforce adjustments that inevitably happen every year.
George White
Custodia Financial
How to handle early retirement during the coronavirus pandemic
Early retirement is on the rise during the coronavirus pandemic. Here’s how employers can support employees and offset talent loss.
Voices: 401(k) plans no longer make much sense for savers
Financial practitioner Aaron Brown takes a look at the logic behind modern day 401(k) plans.
Delta sees up to $3.3 billion charge on voluntary retirements
The carrier will take a charge of as much as $3.3 billion to cover the costs of early retirement and voluntary separation plans for employees, as it scales back operations amid a plunge in travel.
Pension plans see rebound in second quarter
A rise in equity and bond markets has fueled a partial bounce back in corporate pensions, according to data from Willis Towers Watson.
Employers inch toward offering retirement income option in benefits mix
Amid economic uncertainty of the pandemic and following the passage of the SECURE Act, momentum could be building for retirement income in workplace plans.
Record unemployment is reshaping the American retirement picture
Early retirement has been a key driver in the decline in labor-force participation due to COVID-19.
Benefits Think How employers can mitigate a future retirement gap
Transparency around compensation is key in closing the gender pay gap, and thus the retirement income gap for the future, as it creates accountability for employers and trust with employees.
Tanya Jansen
beqom
More companies weigh cutting 401(k) match in pandemic pinch
The pandemic is affecting one of the best perks of workplace retirement-savings plans: company matches to employee 401(k) contributions.
Benefits Think Without auto portability, terminated employees will miss out on retirement funds
Years from now, terminated employees may discover they have less income in retirement due to an automatic rollover or automatic cash-out from a previous employer.
Spencer Williams
Portability Services Network and Retirement Clearinghouse