Retirement

As ideas on how best to help employees save money for retirement continue to advance, employers and plan sponsors will need to stay abreast of the changing regulatory requirements and evolving participant needs.

By embracing innovative benefit solutions and leveraging technology, companies can support the financial wellness of their employees, leading to a more productive, engaged, and loyal workforce.

With just 24% of workers feeling confident that they'll be able to retire comfortably, a new report identifies key focus areas where employers can make a difference, such as employees with student loans and low-income workers.

If employees do not save towards retirement, they might be stuck indoors at home because they cannot afford to go anywhere, which is why employers need to shine light into that dark corner of the calendar again.

This investment is in the technological aspect and in empowering caregivers, ensuring they have the skills and resources to thrive in this evolving landscape.

The new legislation is the most extensive update in retirement law in the past 15 years, however, there are distinct areas that Congress should address for a more effective retirement income system, says the Brookings Institution.