Fidelity and Vanguard embrace 401(k) auto-portability
The retirement giants announced a rare collaborative effort to help employees keep savings in tax-advantaged accounts when they switch jobs.
Retirement benefits
How employers can transition to a new 401(k) service provider
Plan sponsors will need to pull together details involving non-discrimination testing and government reporting, as well as recordkeeping and pre- and post-transfer documentation.
10 best cities to move in retirement
A low cost of living paired with ample access to healthcare services make these cities ideal locations for people reaching retirement age.
Benefits Think Using the Saver’s Credit can bolster retirement plan participation
Helping spread the word about a little-known federal tax credit will help increase retirement readiness and may line pockets with extra cash.
Barbara Van Zomeren
Ascensus
Benefits Think How proposed legislation can help resolve retirement-savings gaps
The Advancing Auto Portability Act of 2022 would encourage the widespread adoption of auto portability.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think Amid inflation, startups cannot afford to cut benefits that matter most
Investing in student loan assistance, employer–sponsored emergency funds or childcare support can line employee pocketbooks and ease financial anxiety.
Kristen Carlisle
Betterment at Work
5 reasons Americans are retiring later in life
For a century, Americans were retiring younger and younger. Then, in the 1990s, the average retirement age started to shoot back up. What happened?
HR 101: How to help Gen Z workers get a head start on their retirement
Younger employees need to look beyond their salary for financial wellness benefits that will get them on the right track.
Benefits Think The best retirement savings plan alternatives for small businesses
Traditional 401(k)s, payroll-deduction IRAs and SEP-IRAs represent far superior approaches to state-mandated retirement plans.
Ted Benna
Benna401k
Boomers may outlive their 401(k) savings — unlike predecessors with pensions
According to a new study, boomers are likely to deplete their savings much faster than previous generations — but advisers can still help.
Advisers in conversation: Creating lifetime income in retirement
Ted Benna, the father of the 401(k), chats with Mindy Zatto of Strategic Benefits Advisors on the evolution of the retirement space, crypto investing and preparing workers for the day-to-day of retirement.
Ask an Adviser: What happens if we learn a missing 401(k) plan participant has died?
Since beneficiary information isn’t portable when a rollover occurs, participants need to be reminded to always establish and review beneficiary details for any new retirement savings account.
5 ways ‘SECURE 2.0’ legislation could change retirement savings
A new bill taking shape in Congress is full of popular ideas and backed by both parties. But some experts say it doesn’t go far enough.
Ask an Adviser: Can terminating a defined benefit plan be more seamless?
Address administrative gaps and data errors, keep pension rosters current and establish a process for cashing out small balances to default IRAs.
Benefits Think Creating true partnership between retirement advisers and plan sponsors
Advisers can stand out from the pack by being a business partner who helps plan sponsors discover the right answers.
John Lowell
October Three
Go green or go home: Employees want their 401(k)s to reflect ESG goals
Employees want more insight and control over their retirement investments — and they want to support companies they can feel good about.
Despite COVID, retirees feel confident in their savings
New research from the Employee Benefit Research Institute found that 80% of retirees are comfortable that what they’ve saved will get them through their retirement years.
The pros and cons of pretax vs. after-tax Roth contributions
Growing savings more rapidly and maximizing employer matching contributions are among the reasons to favor pretax contributions.
Want to retire in Florida? It may not make financial sense
Finding a balance between personal and economic preferences can help you choose a retirement location that best fits your needs.
Benefits Think Targeting small, uncashed 401(k) distribution checks can generate big savings
Harnessing auto portability ensures plan participants receive all their retirement savings, and can also reduce fiduciary liability for sponsors.
Spencer Williams
Portability Services Network and Retirement Clearinghouse