Defined Contribution

Over a third of plan participants have taken 401(k) loans and hardship withdrawals, while ESAs provide a no-cost alternative that cuts the likelihood of retirement loans and withdrawals in half.

Job seekers are now expecting financial wellness benefits, and nearly half (47%) of employers will offer them by 2026, according to Borja Perez at CloudPay.

Words are very powerful, says a new Invesco survey, which identifies some specific language that resonates with plan participants and can guide plan sponsors as they craft their messaging. For instance, "investment income" is preferred over "nest egg."

Our 2024 BenefitsPRO Luminaries honorees consist of top individuals and firms selected by a distinguished and diverse team of industry leaders.

Comprehensive financial wellness programs can help employees stay on track to meet their goals, but also bring to light the issues they may not be thinking about that impact their financial well-being, says Goldman Sachs' Nancy DeRusso.

If advisors aren't speaking to defined contribution clients about retirement income solutions, someone else will be soon, recommends BlackRock's Carrie Schroen.