People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.
The White House Office of Management and Budget has concluded its review of the Department of Labor's new Retirement Security Rule, indicating that the controversial new rule will become final sometime this Spring.
The Police & Firemen's Retirement System of N.J. – the nation's largest police and fire pension plan – has finalized the transfer of assets from the N.J. Division of Investment, enabling the fund to manage investments independently.
Employers spend a lot of money and time offering robust benefits packages, but it's not enough to simply offer a retirement benefit — they must understand what will work best for employees, recommends GoBankingRates.
Employers emphasize an increase in health and dental insurance, while employees say increased pay and 401(k) matches are tops, and this could be part of the ongoing issue of high turnover, a new study suggests.
Only 31% of single women felt optimistic about their financial outlook, compared to 39% of married women, which is why 90% of financial advisors are targeting more women in the next 12 months, says Nationwide.
DebugScreen: mobile
{
"author": {
"name": "Scott Wooldridge",
"webUrl": "/author/profile/scott-wooldridge/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 742,
"social": [],
"articles": [
{
"uri": "/2024/04/26/public-jobs-booming-in-some-cities-but-can-they-drive-overall-growth/",
"title": "Public jobs: booming in some cities, but can they drive overall growth?",
"byline": "Scott Wooldridge",
"kicker": "Market Insights",
"prettyDate": "April 26, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/04/09-phone-woman-job-night-office-e1714147037211.jpg",
"width": "616",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "Sacramento, California has the top share of publicly driven jobs, at 51.6%.",
"body": null
},
{
"uri": "/2024/04/16/having-the-conversation-can-401k-plan-design-close-the-race-gender-gap-in-retirement-savings/",
"title": "Have the conversation: 401(k) plan changes can close the racial retirement savings gap",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "April 16, 2024",
"timeToRead": "6 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Diversity-and-inclusion-poster-Article-202404111344.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.",
"body": null
},
{
"uri": "/2024/04/15/controversial-new-dol-fiduciary-rule-coming-soon-as-white-house-office-wraps-up-review/",
"title": "Controversial new DOL fiduciary rule coming soon, as White House Office wraps up review",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "April 15, 2024",
"timeToRead": "5 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/05/DOL_headquarters-Michael-A.-Scarcella-ALM-Media-dol.jpg",
"width": "616",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The White House Office of Management and Budget has concluded its review of the Department of Labor's new Retirement Security Rule, indicating that the controversial new rule will become final sometime this Spring.",
"body": null
},
{
"uri": "/2024/04/11/the-transformation-of-a-public-pension-njs-32b-police-and-fire-fund-goes-private/",
"title": "A 'new' public pension: NJ's $32B police & fire fund becomes independent",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "April 11, 2024",
"timeToRead": "3 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Firefighter-Firehouse-Article-202404101419.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The Police & Firemen's Retirement System of N.J. – the nation's largest police and fire pension plan – has finalized the transfer of assets from the N.J. Division of Investment, enabling the fund to manage investments independently.",
"body": null
},
{
"uri": "/2024/04/05/28-of-americans-have-nothing-saved-for-retirement-employers-need-to-tailor-their-messaging/",
"title": "28% of workers have $0 saved for retirement: Employers, tailor your messaging",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "April 05, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/Money-Article-202404031514.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Employers spend a lot of money and time offering robust benefits packages, but it's not enough to simply offer a retirement benefit — they must understand what will work best for employees, recommends GoBankingRates.",
"body": null
},
{
"uri": "/2024/04/05/2024-advisor-of-the-year-finalist-marybeth-gray/",
"title": "2024 Advisor of the Year finalist: Marybeth Gray",
"byline": "Scott Wooldridge",
"kicker": "",
"prettyDate": "April 05, 2024",
"timeToRead": "1 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/2024-Advisor-of-the-Year-Gray-Marybeth-MI.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [],
"summary": "A long-standing passion for health care has fueled Marybeth Gray from the beginning.",
"body": null
},
{
"uri": "/2024/04/04/2024-advisor-of-the-year-finalist-chelsea-ryckis/",
"title": "2024 Advisor of the Year finalist: Chelsea Ryckis",
"byline": "Scott Wooldridge",
"kicker": "",
"prettyDate": "April 04, 2024",
"timeToRead": "1 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/2024-Advisor-of-the-Year-Ryckis-Chelsea-MI.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [],
"summary": "Chelsea Ryckis always knew what she wanted — but then her life took a different path",
"body": null
},
{
"uri": "/2024/04/02/benefits-disconnect-employees-prioritize-pay-401k-while-employers-do-not/",
"title": "Benefits disconnect? Employees prioritize pay & 401(k), while employers do not",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "April 02, 2024",
"timeToRead": "5 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/11/Businessmen_Puzzle_Communication_Gap_MI600.jpg",
"width": "600",
"height": "338"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Employers emphasize an increase in health and dental insurance, while employees say increased pay and 401(k) matches are tops, and this could be part of the ongoing issue of high turnover, a new study suggests.",
"body": null
},
{
"uri": "/2024/04/02/2024-advisor-of-the-year-finalist-lindsay-clarke-youngwerth/",
"title": "2024 Advisor of the Year finalist: Lindsay Clarke Youngwerth",
"byline": "Scott Wooldridge",
"kicker": "",
"prettyDate": "April 02, 2024",
"timeToRead": "1 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/04/2024-Advisor-of-the-Year-Clarke-Youngwerth-MI.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [],
"summary": "2024 BenefitsPRO Advisor of the Year finalist Lindsay Clarke Youngwerth pursues innovation in a state known for its traditions.",
"body": null
},
{
"uri": "/2024/03/29/7-in-10-women-are-rethinking-retirement-how-financial-pros-can-meet-the-challenge/",
"title": "7 in 10 women are rethinking retirement: How financial pros can meet the challenge",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "March 29, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/03/womenDiversity-Article-202311151022.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Only 31% of single women felt optimistic about their financial outlook, compared to 39% of married women, which is why 90% of financial advisors are targeting more women in the next 12 months, says Nationwide.",
"body": null
}
]
}
}
