401(k), IRA account balances rise to record levels
Employees continue to increase their contributions to retirement accounts, new Fidelity research finds.
Retirement readiness
11 changes employers will make to 401(k)s in 2018
More employers will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.
Benefits Think How to help workers boost financial health with increased take-home pay
In wake of tax reform, employers can encourage employees to invest in HSAs, build up their 401(k), pay off debt and build an emergency fund.
Begonya Klumb
UMB Healthcare Services
LGBT workers making strides in retirement readiness
Employers play a big role in the savings success of lesbian, gay, bisexual or transgender employees because they are more likely to plan for and save for their post-work years if their firm sponsors a 401(k).
Will going back to work end workers’ Social Security benefits?
As long as their earnings won't exceed the limit set by the Social Security Administration, they will not lose their benefits.
Benefits Think Three unique stable value fund benefits that help millennials
Advisers must make the case that stable value funds are a good fit to include in defined contribution plans for risk-averse employees.
Kent Bartell
The Standard
LGBT workers making strides in retirement readiness
Employers play a big role in the savings success of lesbian, gay, bisexual or transgender employees because they are more likely to plan for and save for their post-work years if their firm sponsors a 401(k).
Benefits Think 401(k) best practices: decision-making and documentation
Plan sponsors should document meetings, put employee needs first and ensure they have a properly structured retirement plan committee.
Robert C. Lawton
Lawton Retirement Plan Consultants
3 bad reasons workers don’t fund IRAs
Only less than one-third of workers polled by TIAA claimed that they are contributing to an IRA
Benefits Think 7 ways plan sponsors can monitor 401(k) fees
Using lowest-cost share classes, performing an annual investment fund review and distributing required fee notices are among best practices.
Robert C. Lawton
Lawton Retirement Plan Consultants
Estée Lauder launches student loan contribution benefit
The beauty conglomerate added the perk to better serve its millennial-oriented workforce.
Benefits Think 5 ways to keep a retirement plan running smoothly throughout the year
Employers should build an education program, perform an objective review of investments and benchmark features.
Jess DeGabriele
LHD Retirement
Estée Lauder launches student loan contribution benefit
The beauty conglomerate added the perk to better serve its millennial-oriented workforce.
Benefits Think Addressing generational retirement challenges
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.
Matthew T. Hoesly
Resource 1
Fidelity, Vanguard fee arrangement causes stir in the 401(k) industry
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
Benefits Think 3 ways employers can make their retirement plan more attractive in 2018
Plan sponsors should end automatic cash-outs, offer roll-ins as part of a financial wellness program and engage all participants on crucial decision-making.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Fidelity, Vanguard fee arrangement causes stir in the 401(k) industry
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
Benefits Think 3 reasons plan sponsors are considering CITs — or should be
Collective Investment Trusts can have cost-saving advantages, are increasingly accessible and provide a long-term investment perspective.
Shelby George
Manning & Napier
11 changes employers will make to 401(k)s in 2018
More companies will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.
Peoples Bank bumps up 401(k) match
The Washington bank chain increased its retirement contribution to 8% following the tax reform bill.
