Workers' emergency funds are being depleted, prompting them to prematurely tap into their retirement savings, as employee financial wellness has continued to trend downward, leading to increased instability, says a new report.
Retirement plan design is moving away from a one-size-fits-all environment to emphasize individuals' unique needs and improve participant access, however, employers must be sure not to confuse participants with too many options.
It is in a company's best interests to consider their 401(k) plans and how well they are doing for ALL employees - and offer financial wellness to those who are struggling financially, according to a recent WTW webcast.
Workers are asking for help with calculating how much they need to save for retirement, how to invest in their 401(k)s, and how to create an income stream in retirement, says a new Schwab survey.
Joint research between J.P. Morgan and the Employee Benefit Research Institute uncovers new connections between financial wellness and retirement readiness – and new solutions for plan sponsors.
With increased demand for personalized investment strategies, employers need to offer an array of education, tools and advice to support employees based on their diverse levels of financial confidence, says a new survey.
Today's pre- and current retirees know they will face challenges but are willing to make adjustments, trade-offs and course corrections to improve their quality of life as retirement continues to last longer than ever, says a new report.
When employees receive ongoing financial coaching, most can make dramatic improvements to their finances, which is why financial wellness programs are one of the fastest-growing employee benefits, says a new survey.
Plan sponsors need to compare different options for delivering financial security to plan participants, including those that utilize insurance, according to new research from AllianceBernstein.
Millions of households will have to cut back on both luxuries and necessities in order to survive, according to The National Retirement Risk Index, which is based on the concept of income replacement.
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