Retirement readiness

Plan sponsors must continue to offer automatic plan features and do a better job of vetting target-date funds.

Workers should start shoring up their savings by chipping in as much as they reasonably can to their employer’s retirement plan, especially if it comes with a matching contribution.

The sheer number of modest, inactive 401(k)s — along with the friction in the industry that makes it difficult to seamlessly transfer the balances from plan to plan as participants change jobs — is causing a lot of undue stress.

Employees often don’t save enough, and few utilize auto-escalation.

Plan sponsors must continue to offer automatic plan features and do a better job of vetting target-date funds.

With the goal of improved participant outcomes, a simplified approach using straightforward language could be more attractive to employees.

The amount that can be transferred is equivalent to the HSA's annual contribution limit, which is $3,400 for singles and $6,750 for couples.

Companies need to do a better job of offering opportunities, such as flexible work arrangements, to employees who want to stay on the job longer.

These two accounts are both funded with money that has already been taxed, but there are still important differences that clients need to know.

Companies need to do a better job of offering opportunities, such as flexible work arrangements, to employees who want to stay on the job longer.