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401(k) balances drop 23% this year (yet contributions steady)

By Joel Kranc

Employees still kept their employer-sponsored retirement plans on track in Q3 even as they saw a decline in their retirement accounts, according to Fidelity.

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Empower (inflation-weary) employees as they struggle to save for retirement

Research

$92 billion's cashed out of 401(k) plans each year when workers switch jobs

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Defined Contribution Stories

December 02, 2022

Retirement health care costs: Putting them on employees' radar guarantees a stress-free exit

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.

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December 01, 2022

The post-pandemic retirement reshuffle: Getting employees to refocus on saving

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.

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November 30, 2022

Understanding the fiduciary standard: What it means for employers

When it comes to employee retirement plans, some advisors adhere to a less stringent set of obligations - the suitability standard, so it's beneficial to speak openly with advisors and brokers about their fee structure.

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November 30, 2022

HSAs and 401(k)s – better together? What advisors need to know

More than half of large employers either currently position health savings accounts as part of a retirement savings strategy to employees or plan to do so in the future.

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November 29, 2022

401(k)s are "substantial" retention tools for small & medium-sized employers

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.

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November 29, 2022

Financial wellness: Low investment, high-output benefits that offer peace of mind

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.

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November 29, 2022

'Show me the income': Employees seek guidance for their long-term retirement income

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.

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Defined Contribution

Top Defined Contribution Stories

401(k) balances drop 23% this year (yet contributions steady)

Empower (inflation-weary) employees as they struggle to save for retirement

$92 billion's cashed out of 401(k) plans each year when workers switch jobs

Recommended Just For You

Defined Contribution Stories

Retirement health care costs: Putting them on employees' radar guarantees a stress-free exit

The post-pandemic retirement reshuffle: Getting employees to refocus on saving

Understanding the fiduciary standard: What it means for employers

HSAs and 401(k)s – better together? What advisors need to know

401(k)s are "substantial" retention tools for small & medium-sized employers

Financial wellness: Low investment, high-output benefits that offer peace of mind

'Show me the income': Employees seek guidance for their long-term retirement income