While some employers see a benefit in offering employees a shortened work week, other employers worry about meeting operational goals and adequately serving customers if they require employees to work fewer hours.
To celebrate 401(k) Day on Sept. 8, here's how employers can take steps to raise awareness for the importance of financial literacy and how employers can help their employees build retirement security.
More than 8 in 10 workers received an employer 401(k) contribution in the first quarter, and 78% of workers contributed to their 401(k) at a level that allowed them to earn the full matching contribution offering, says Fidelity.
The federal government should impose restrictions on when account holders can take distributions from retirement accounts and provide more time to pay back 401(k) loans, according to fintech IRALOGIX.
While older men have the largest 401(k) balances and younger women the smallest, employers need to provide the right benefits and resources to every employee, says a new report.
Vice funds, which include "sin stocks" – concentrated in alcohol, tobacco, weapons and gambling, have the longest track record and remain a key approach for anti-environmental, -social and -governance investors.
With 19 states now offering state programs after three states passed legislation this year, these retirement programs are bridging the gap for many small businesses struggling to afford the administrative burdens.
The amount 401(k) participants say they need to retire comfortably inched up this year, while confidence in their ability to attain retirement goals dropped amid economic pressures.
Twenty-three percent of Americans are terrified by the prospect of the end of regular paychecks when they retire, but most aren't willing to wait to increase their Social Security payments.
DebugScreen: mobile
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