Retirement

Plan sponsors need to be aware of the impact of the adoption of target date funds as the default investment option in plans and make decisions accordingly, according to a new report.

With their flexibility and multi-layered tax advantages, HSAs have become an incredibly valuable tool for managing current and future health expenses, yet they remain under-utilized.

HSA investing works like a 401(k) because an employee can select a variety of retirement savings solutions, such as target date strategies and low-cost investments. Net result: HSA is supplemental retirement income.

While the latest DOL ruling on ESG implementation in retirement plans is an enormous step forward, more guidance is needed. However, there are several approaches and options that are essential for plan sponsors to keep in mind.

Almost half of all Americans aren't financially equipped to deal with an emergency and most believe employers need to step up and offer them financial wellness resources.

Building in flexibility and offering a range of features, such as adding a financial advisor, are recommended at a time when there is so much competition for workers, says a new report.