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Tom Gresham |
Because their retirement plans are not “seamlessly portable,” 83% of employees want one that travels with them from job to job without a rollover, according to a new study.
Joel Kranc |
The share of commercial markets that are highly concentrated increased from 71% to 75%, from 2014 to 2021.
Dan Cook |
Employers can help earlier in a plan member’s career by offering financial planning as a benefit, by encouraging a better understanding of how HSAs work and by offering education on prescription drug affordability strategies.
Kristen Beckman |
Companies might prioritize flexible retirement plans that can make it simple for employees to save for their future or offer auto-enrollment to help new employees save for the long-term.
Scott Wooldridge |
Offering a retirement plan can lead to an annual cost savings of more than $100,000 in reduced employee turnover costs alone for SMBs – a 2x return on the initial costs of offering a 401(k), says a new study.
Scott Wooldridge |
There are several steps that companies can take to help reduce financial stress on employees, Including financial coaching and emergency savings accounts, according to a new report.
Tom Gresham |
A disconnect exists between employers and employees when it comes to retirement education efforts: 78% of employers say they provide the education, but just 38% of employees report receiving it, says a new survey.
Willa Hart |
Some employees are turning to their retirement plans when unexpected expenses arise, but employers should be offering emergency savings programs instead, says a new report.
Willa Hart |
Employers should provide targeted communications to women, as well as access to independent financial counselors, decision support tools, and debt management services to help bridge the gap, says a new report.
Alan Goforth |
As Americans brace for a recession, building an emergency fund is a critical first step, but advisors need to provide realistic, actionable steps to help them move toward long-term financial security, says a new report.
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