401(k) participants saving more than ever
Millennials are leading the charge when it comes to increasing their retirement account contributions, according to Fidelity Investments.
Retirement benefits
More savers are rejecting retirement accounts in favor of these investments
Data from retail investors firm Hearts & Wallets show that the number of clients owning taxable brokerage accounts has increased 10% over the past five years.
Why do so many workers claim Social Security at 62?
Some are forced to retire early because of disability, layoff and health issues, while others fear that the program will reduce future benefit payouts as a result of its financial woes.
TIAA launches mobile app for plan sponsors
PlanFocus takes crucial functions, such as the distribution of a loan, and allows employers to quickly approve participant transactions more effectively.
Steering plan sponsors to the most appropriate TPAs
Selecting the right 401(k) plan administrator is not a ‘no brainer,’ and advisers can add real value by helping clients make the best choice.
Benefits Think Why benefits engagement is employers’ biggest problem
What’s the point of having a robust benefits package if employees aren’t taking advantage of it?
Kathryn Mayer
Employee Benefit News
Alight Solutions financial platform merges retirement, personal savings goals
The WealthSpark platform helps employees save with personalized investment tools.
The real reason why your 401(k) fees are falling
Mutual fund costs have fallen to 48 basis points in 2016 from 77 basis points in 2000 for plan participants, according to data from Investment Company Institute.
Benefits Think DOL issues temporary enforcement policy for Fiduciary Rule
Agents will not pursue any actions against investment advice fiduciaries who are working diligently and in good faith to comply with impartial conduct standards.
Diane Dygert
Seyfarth Shaw LLP
The huge financial burden many retirees now face
Rents have increased an average of 3% annually over the 14-year time period of the study, while incomes have declined .1% annually.
Benefits Think 5 myths about employee benefits packages
No, not all workers want a free gym membership. Here are some misconceptions employers should address to provide added value to their offerings.
James Reid
MetLife Global Employee Benefits
42% of women fear they’ll run out of money by age 80
A study by Merrill Lynch and Age Wave has found that 42% of women are concerned that they will outlive their nest egg when they reach the age of 80.
Benefits Think Why benefits engagement is employers’ biggest problem
What’s the point of having a robust benefits package if employees aren’t taking advantage of it?
Kathryn Mayer
Employee Benefit News
Benefits Think 5 myths about employee benefits packages
No, not all workers want a free gym membership. Here are some misconceptions employers should address to provide added value to their offerings.
James Reid
MetLife Global Employee Benefits
Alight Solutions financial wellbeing program merges retirement and personal savings goals
The WealthSpark platform helps employees save with personalized investment tools.
Financial wellness popularity on the rise
Workers look to employers to develop programs that will help them reach financial success, according to a new Prudential study.
Employers overlook baby boomers for retirement needs of millennials
Plan sponsors may be paying too much attention to the post-work planning requirements of younger workers, finds Franklin Templeton survey.
Benefits Think Delivering meaningful financial wellness to employees
Employers and plan sponsors must define what “financial wellness” really means to their workers.
Mark Singer
The Financial Literacy Toolbox
Will spousal benefits decrease if husband files early?
Whether the husband takes reduced benefits has no impact on the spousal rate, although it could effect potential widow's benefits, according to a Social Security expert.
Benefits Think Delivering meaningful financial wellness to employees
Employers and plan sponsors must define what “financial wellness” really means to their workers.
Mark Singer
The Financial Literacy Toolbox