Retirement

There's a unique opportunity for employers and advisors to connect interested employees with ongoing financial education and tools to set them up for financial success, according to a new survey.

For the majority of American businesses offering benefits today, health savings accounts (HSAs) are an essential element of a comprehensive health care benefits package.

Because their retirement plans are not "seamlessly portable," 83% of employees want one that travels with them from job to job without a rollover, according to a new study.

Employers can help earlier in a plan member's career by offering financial planning as a benefit, by encouraging a better understanding of how HSAs work and by offering education on prescription drug affordability strategies.

Companies might prioritize flexible retirement plans that can make it simple for employees to save for their future or offer auto-enrollment to help new employees save for the long-term.

When it comes to employee retirement plans, some advisors adhere to a less stringent set of obligations - the suitability standard, so it's beneficial to speak openly with advisors and brokers about their fee structure.

More than half of large employers either currently position health savings accounts as part of a retirement savings strategy to employees or plan to do so in the future.

Offering a retirement plan can lead to an annual cost savings of more than $100,000 in reduced employee turnover costs alone for SMBs – a 2x return on the initial costs of offering a 401(k), says a new study.