Retirement

After a lot of pushback from employers and retirement industry organizations on a key SECURE 2.0 catch-up contribution change for higher-income employees, the IRS announced an "administrative transition period."

From emergency savings accounts to annual funding notices, the Department of Labor is welcoming input from plan sponsors on changes or revisions to retirement plan administration included in the sweeping new legislation.

Since most (75%) employees worry about the impact of inflation on their ability to save enough for retirement, 71% are more likely to stay with their current employer if offered a retirement savings plan, new Voya research revealed.

Since It's the first law that links employees' payment of student debt with the statutes governing defined contribution retirement plans, Congress is hoping the result is greater retirement savings in America – but only time will tell.

Competitive workplace financial benefits are growing increasingly important, with access to personal financial coaching a powerful way to help employees better navigate both their benefits and their wider financial lives.

The federal government should impose restrictions on when account holders can take distributions from retirement accounts and provide more time to pay back 401(k) loans, according to fintech IRALOGIX.

While older men have the largest 401(k) balances and younger women the smallest, employers need to provide the right benefits and resources to every employee, says a new report.

The youngest members of the labor market say inflation has been noted as a major detriment to their finances over the past year as they struggle to pay bills on time, says a Harris poll.