Retirement

Employers are becoming more open to benefits that directly address financial issues like high-cost debt, variable cash flow, and lack of emergency savings, according to a FinFit report.

Driven by lower fees, plan sponsors often choose collective investment trusts (CITs) as the preferred vehicle for target date funds over mutual funds, according to Morningstar.

Virtual meetings made up 80% of the sessions that Schwab offered in 2022 and, post session, more than 90% of participants agreed they felt prepared to take the next step in their financial journey,

When employees can't pay for emergency expenses, they stress about money during working hours – and this has ripple effects not only impacting their retirement savings, but their ability to be productive.

For low- and moderate-income workers, access to emergency savings accounts is likely to boost retirement contributions, according to a new Commonwealth report.

Issuing a new fiduciary rule is a "huge priority," as well as guidance on SECURE 2.0 and the ESG rule, said Lisa Gomez, assistant secretary of Labor for the Employee Benefits Security Administration, at a Spring Policy Forum.