Retirement

There's a shifting landscape of retirement savings creating more inclusivity, such as state auto-IRAs and 401(k)-linked emergency savings, but 57 million workers still don't have access to a workplace retirement plan, say experts.

Despite 47% of employees feeling financially well, there is still lingering concern over inflation, which is why employers need to implement retirement education programs and offer online financial tools, says a new report.

The passage of SECURE 2.0 and the persistently high interest rates have generated increased focus on a new TDF that combines asset accumulation with an annuity that provides guaranteed lifetime income, according to Vanguard.

More than 485,000 accounts had seven-figure balances at the end of the first quarter, a 15% increase from the end of 2023, according to Fidelity, which is the largest 401(k) platform in the country.

The alarming pay gap between WNBA and NBA basketball players offers a glimpse into the 30% retirement income gap between men and women – and TIAA sheds light on how plan sponsors can best reach women participants.

A former Wells Fargo employee filed a lawsuit last week, alleging that the bank mismanaged its 401(k) plan by using assets forfeited by former workers for its own financial benefit instead of plan participants.