Retirement

The repeated use of small loans by participants to cover immediate expenses is draining retirement funds, however, implementing an emergency savings program is one way employers can help address this issue, says a new report.

Roughly half of U.S. workers have a good grasp on the attributes of HSAs: 61% say it's a way to save for future health care expenses, but only 25% said it's a way to invest money for health care expenses in retirement, says a new study.

Automatic enrollment and automatic annual increases have driven participation rates in 401(k) plans held by Vanguard to an all-time high with record plan participation of 83% in 2022, according to a new report.

In a process known as negotiated rulemaking, 14 people chosen by the Biden administration will be meeting for a series of hearings to guide the Education Department toward a proposal on student loan relief.

Automatic enrollment helped 81% of plan participants start saving sooner for retirement and, significantly, 94% of participants stay in the plan once they have been automatically enrolled, according to a Principal survey.

Open enrollment is a great opportunity to help employees understand the full potential of health savings accounts, but the communications should be quite different for those new to the workforce than for those nearing retirement.