September 6, the Friday after Labor Day, is 401(k) Day, a time for employers to focus on financial wellness and empowering employees to take charge of their financial futures – and encouraging them to take advantage of employer matching contributions.

The law's student loan matching provision has received high adoption rates from plan sponsors, says Ron Ulrich, ADP's VP of Retirement Services, who discusses key 2024 and 2025 provisions that employers need to take advantage of.

Americans believe they'll need $1.2 million saved to retire comfortably, yet half expect to have less than $500,000 saved, which is why employers should consider offering more in-plan solutions to help employees transition to retirement, says a new Schroders survey.

The massive Saving on a Valuable Education student loan plan will remain on hold, after President Biden had asked the high court to bypass lawsuit challenges that are making their way through the lower courts.

Health care costs are projected to increase 8% in 2024, as pharmacy design is at the forefront of plan changes, according to Aon's 2024 U.S. Health Survey.

Recently, numerous class action 401(k) lawsuits have been filed by participants over misuse of forfeited assets from former employees, including Bank of America, Wells Fargo and Nordstrom.

In July, a judge put the Department of Labor's new Retirement Security Rule, which was set to go into effect September 23, on hold, where it seems likely to remain until after the presidential election.

In response to high demand and to help patients whose health insurance doesn't cover the new GLP-1 weight loss drugs, the drugmaker is now offering Zepbound in smaller vials for $399 for a 4-week supply on its LillyDirect website.