Retirement education

Disappointed in its underutilized 401(k) plan, the company partnered with BrightDime in an effort to change employee behavior.

Disappointed in its underutilized 401(k) plan, the company partnered with BrightDime in an effort to change employee behavior.

Employers should build an education program, perform an objective review of investments and benchmark features.

Millennials don’t know how to manage stock market expectations, Gen X struggles with savings and baby boomers don’t realize the benefits they could gain from one or two extra years in the workforce.

Collective Investment Trusts can have cost-saving advantages, are increasingly accessible and provide a long-term investment perspective.

More companies will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.

About half of mid-sized and large companies plan to expand personal financial planning and increase retirement funds, according to a new Willis Towers Watson report.

Build an education program, perform an objective review of investments and benchmark features are a few of the activities advisers should encourage now.

Using lowest-cost share classes, performing an annual investment fund review and distributing required fee notices are among best practices.

Younger employees could be too confident in the abilities of automated retirement investment tools, study finds.