Defined Contribution

The Department of Labor's Retirement Savings Lost and Found Database still needs help from plan administrators on participants who left their company.

The study found that 41% of people making a financial resolution say they want to save more.

While they value financial independence, younger generations are drawn to high-risk investments, such as cryptocurrency, in pursuit of quick returns rather than long-term savings.

As plan sponsors prepare for new SECURE 2.0 regulations for 2025, there are also rumblings of SECURE 3.0, which may be introduced early next year.

Expect a growing wave of innovation and adoption of in-plan retirement income solutions for 401(k) plans, reflecting the increased interest of plan sponsors, providers and participants, according to the Institutional Retirement Income Council.

There is so much opportunity in 2025 and beyond to make retirement savings work better for everyone, according to the Aspen Institute's new report.