Defined Contribution

If the pending legislation becomes law (and it's expected to be approved by Congress by the end of 2022), employers can boost 401(k) plans by implementing a student loan retirement match.

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Leaving behind a forgotten 401(k) account has the potential to cost an employee almost $700,000 in foregone retirement savings over a lifetime.

Only workers nearing retirement should consider making changes to their retirement savings plan – and employers should help, suggests report.

With 60% of US workers stressed about their finances, they're increasingly looking to employers to roll out more resources to help with not only retirement savings but their overall financial well-being.

According to a new survey, 76% of people do not know that ESG stands for environmental, social and governance, however, 54% were extremely worried about climate change.