Retirement

In one year, Betterment for Business has helped the company increase plan participation by more than 60%.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.

For employers with more customized design elements in place, retirement advisers may be wise to suggest tailored administrative assistance.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Retirees can change their Part D prescription-drug plans, Advantage plans, and/or switch from traditional Medicare to Medicare Advantage during open enrollment, which ends Dec. 7.

Costs are increasingly transparent and plan sponsors want more for their buck.

The two should have set meetings to discuss outstanding issues, strategy and improvements to the retirement plan, explains defined contribution consultant Rhonda Berg.

Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.

Costs are increasingly transparent and plan sponsors want more for their buck.