Market Insights

There’s been a shift in retirement planning, as plan sponsors are embracing proactive plan design strategies that cater to the diverse needs of a multi-generational workforce, including leveraging automatic features and investment defaults, according to JP Morgan's plan sponsor survey.

Employers can help with these financial concerns with more education and financial wellbeing programs, as Black Americans are more likely to look to their employers for help in their retirement planning, according to an Employee Benefit Research Institute survey.

The most effective ways plan sponsors can boost retirement readiness are by getting as many employees as possible investing in the plan and getting them to contribute as much as possible, according to the JP Morgan Asset Management survey.

When asked to highlight DC plan sponsors’ top investment menu priorities, retirement income was top-of-mind for all institutional consultants, according to PIMCO’s Annual Defined Contribution Consulting Study.

The retirement landscape is evolving so rapidly that many of the underlying assumptions and expectations about retirement planning differ across generations currently in the workforce, according to a new Transamerica survey.

Although nearly 7 in 10 women identify as the primary financial decisionmaker in their household, the report found that just 26% of women report good financial health.