The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
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.
Plan sponsors offer strategies for helping participants who have fallen behind on saving for retirement but warn there is a fine line between helping and intruding.
Most employees expect to work longer, indicating they plan to retire at age 65 (up from 64 in 2022), and need to save more than they did a year ago, according to Northwestern Mutual.
In light of the toll the pandemic has had on physical, mental and financial health of employees, employers are considering offering more wellbeing initiatives, as well as funding HRA and HSA accounts, says a new survey.
While health care costs are unchanged year over year, employers need to help pre-retirees save for health care expenses by considering options like a tax-advantaged health savings account, recommends Fidelity.
The multi-year guaranteed annuities boom helped produce a 42% overall increase in total sales in spite of a 22% decrease in sales of variable annuities, according to survey data from Wink.
Only 41% of small business owners (and 69% of mid-size owners) are aware of emergency savings opportunities for employees provided by SECURE 2.0, while even fewer know about student loan matching options.
An increasing number of businesses will be starting retirement plans in the wake of the SECURE 2.0 - and tax credits will help small business employers offer them, according to new research.