Defined Contribution

At the committee level, there is a lot of bipartisan activity for health care reform for 2023 that includes PBM reforms and insulin caps in the commercial market, as well as regulatory guidance on the new retirement bill SECURE 2.0.

Many of these are frontline workers who helped sustain communities during the pandemic – and nearly two out of three say employers have a responsibility to help them improve their financial well-being, says a new survey.

Only 2.5% of DC plan participants stopped contributing to their plans last year, indicating disciplined savings habits through stretches of inflation, market volatility and lingering concerns of a recession, according to a new study.

The auto-enrollment and auto-escalation provisions within the new legislation could be perhaps the biggest catalyst for helping American workers accumulate wealth, according to a new report.

Employers often cite wanting to help older workers close to the end of their working years as a main reason for offering in-plan benefits, while enhancing negotiating power with recordkeepers is another reason, says a survey.

Automatic enrollment and the rise of target dates funds are having a substantial impact on younger retirement savers, a Vanguard study finds.