Defined Contribution

After a Senate committee requested feedback on ways to allow independent workers access to retirement plans, the American Benefits Council responded with a 5-point plan that includes access to pooled employer plans.

There's a disconnect between the role employers think they're playing in employees' financial well-being and how supported workers feel, which is why surveying them is key since demographics have a big impact, says research.

SDBAs, which allow participants to invest their retirement savings in stocks and bonds, mutual funds and other securities, showed the average account balance at $328,239 in Q1, says a new Schwab report.

Only 24% of 401(k) plan participants feel "very confident" in maintaining their standard of living in retirement, questioning the effectiveness of employer financial wellness programs, says a new report.

As plan sponsors continue to evaluate the optional provisions of SECURE 2.0, many have selected which ones best align with their participants, according to Fidelity Investments.

The Securities Industry and Financial Markets Association (SIFMA) & Financial Services Institute (FSI) argue that the rule — while intended to strengthen investor protections — would actually limit their access to retirement products.