Employee Participation

By the end of this year, an average of 11,400 Americans will turn 65 each day, as employers need to simplify the annuities process and better meet the growing demand for guaranteed income products.

The total number of nonemployers grew an average of 2.7% annually between 2012 and 2023, while employers averaged only 1.1% growth year over year.

The latest Eagle Hill Consulting Employee Retention Index is continuing an upward trend, rising by 0.4 points to 102.9, signaling that workers will likely remain in their jobs over the next six months.

Employers can help with these financial concerns with more education and financial wellbeing programs, as Black Americans are more likely to look to their employers for help in their retirement planning, according to an Employee Benefit Research Institute survey.

As AI continues to evolve, the businesses that succeed will be those that prioritize a thoughtful, human-centered approach, ensuring that technology serves as a partner in innovation and a tool for strategic growth, not just a shortcut for efficiency.

Providing financial education specific to the employer retirement plan – or even linking employees to online retirement needs calculators – can help employees better prepare for retirement, according to MissionSquare.