Benefits Think How to prevent employees from raiding their retirement funds
Key strategies include seeding emergency savings to cover six months' worth of expenses with the help of a financial adviser and matching contributions.
Retirement benefits
Goldman study emphasizes the power of a retirement plan
The Goldman Sachs 2024 Retirement Survey & Insights Report found that while competing priorities affected workers' ability to save, having a plan in place helped clarify goals and the grit required to meet them.
DOL to appeal court stays on fiduciary rule for retirement advice
The court filings seek to overturn two injunctions federal courts imposed after finding the Department of Labor's new conduct standard is too similar to a previous one vacated in 2018.
Benefits Think Saving for retirement shouldn’t be on employees alone: 3 ways employers can help
Offering education and access to a variety of savings options prepares employees for long-term financial wellness.
Benefits Think How employers can incorporate financial wellness into DEI
Providing truly equitable benefits can be measured by discovering that two similarly situated employees classified differently have equitable outcomes.
John Lowell
October Three
American 401(k) savings rates reach all-time high
Last year, Americans saved more in their 401(k)s than ever before, according to new research from Vanguard.
Benefits Think This Earth Day, recycle 401(k) savings to avoid IRA landfill
Amid cash-outs, stranded plans and suboptimal investments, a SECURE 2.0 provision runs the risk of expanding asset waste in the proverbial 401(k) landfill.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Creator of the 401(k) has a new plan to help low-income workers save for retirement
Ted Benna's plan would offer financial incentives that could be directed to a long-term investment account for the future.
How 4 different generations approach retirement — and where they’re failing
From baby boomers to Generation Z, employees have different approaches when it comes to their long-term savings.
66% believe a retirement crisis is looming
A survey from Clever revealed that many retirees are panicked and unsure about their financial future in retirement.
Benefits Think ERISA at 50: What might the next 50 years bring?
ERISA preemption faces new questions as more states enact new mandated benefits and assert regulatory authority over certain benefits.
Sarah Bassler Millar
Faegre Drinker
SECURE 2.0 created emergency accounts. Will 401(k) plans use them?
The IRS and Labor Department issued guidance on the new savings vehicles, but advisers have questions.
From Starbucks to cash cards, small perks can boost 401(k) enrollment
Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.
Benefits Think Auto portability is poised to make an even bigger impact in 2024
Roughly $1.6 trillion in savings would be preserved in the U.S. retirement system over 40 years if auto portability were adopted nationwide.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think More part-time employees will soon have access to retirement benefits
A new rule will allow long-term, part-time employees to contribute to retirement plans by 2025.
Barbara Van Zomeren
Ascensus
For Gen X, reality bites when it comes to retirement
Gen X workers have the biggest gap between their savings and what they think they need to save for retirement than any other generation in the workforce.
Benefits Think 3 reasons to make financial education your business’ side-hustle
No matter where an employee is in their financial journey, educating them on options is beneficial to their well-being and your bottom line.
Kate Winget
Morgan Stanley at Work
Millennials are on track for better retirement than boomers, Vanguard study finds
Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.
Benefits Think 3 questions to empower top talent through nonqualified deferred compensation plans
Holistic communication can help educate employees on how to make the most of their retirement plans.
Anthony Bunnell
Morgan Stanley at Work
Benefits Think The costs of retirement: How new requirements for long-term part-time employees will affect employers
Now is a good time for employers educate themselves on what this new retirement legislation means for their business.
Joni Andrioff
RSM