Defined Contribution

The new legislation represents a landmark in the evolution of retirement planning, benefiting employees in unique situations – facing student debt, saving for college or suffering from domestic abuse.

Employees may not be aware of the scale of the offerings in SDBAs, which is why practical education is key to providing both personalization and desired outcomes for retirement plan participants, says a new Schwab report.

TIAA Institute's new State of Financial Preparedness report raises questions about whether or not incoming retirees will enjoy financial security, particularly as lifespans continue to lengthen and the economy remains tumultuous.

Employees are demanding a wider range of benefits and changes that fit new ways of thinking about work and benefits, including more flexibility around remote work and expanded choices in their benefit plans.

People whose pets are insured says they feel better equipped to manage their financial stress.

Employers can support lower-income employees by extending eligibility to part-timers, collaborating with their plan providers on educational campaigns, and raising awareness of the Saver's Credit, says a Transamerica report.

Starting on January 1, 2024, employers of any size can offer a student loan matching benefit within their company 401(k) or SIMPLE IRA plan, enabling employees to build their retirement savings while making student loan payments.

The Plan Sponsor Council of America looked at 250 nonprofit organizations that sponsor 403(b) plans for their employees, as automatic enrollment took hold in the nonprofit space.