Holding pattern: Employees don’t expect to make any changes to their 401(k)s in 2023
Around 70% of financial advisors and plan sponsors agree, saying participants will make little to no change to their 401(k) contributions, in a new ‘State of the industry” report.
Fidelity: 401(k) balances were down 23% in 2022, but now rebounding
Although the average retirement account balance rose in the fourth quarter of last year, balances ended the year down from a year earlier – losing nearly one-quarter of their value, according to a new Fidelity report.
4 retirement plan trends employers should track in 2023
Found in all four of the trends is one simple message -- be proactive, not reactive, according to a new Marsh McLennan report.
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