Retirement

Just weeks after a federal judge dismissed an ERISA lawsuit against the company over allegations of excessive fees, another employee suit has been filed, claiming the 401(k) plan offered funds that performed worse than alternatives.

As SECURE 2.0 takes root in retirement plans, employers now believe that DC plans should be vehicles for retirement income generation, as well as financial wellness offerings like emergency savings programs, says a new survey.

With increased demand for personalized investment strategies, employers need to offer an array of education, tools and advice to support employees based on their diverse levels of financial confidence, says a new survey.

The SEC ruling is expected to make a determination of how companies will be required to report ESG metrics, including DEI metrics and policies, labor practices, recruitment and retention, and rewards and benefits.

Employers can help employees improve their retirement readiness by encouraging them to engage with their 401(k) benefits, which might include access to retirement planning tools or meetings with financial advisors.

New state laws are attempting to solve a problem: Few private sector workers save for retirement without an employer-sponsored retirement plan, so it's important for small businesses to take steps now to set up a strategy.

After a 3-year pause in student debt repayment, employees are looking to their employers for help in managing student debt while still planning for their future – and there are various ways employers can lend support.

The number of retirement millionaires jumped in the second quarter of 2023, with a 10% increase in millionaires holding 401(k) accounts and a 13% increase in millionaires with IRAs, according to Fidelity.