Defined Contribution

Addressing employee debt through financial wellness education – whether by 1:1 counseling, by email or through a digital app – can lead to higher employee satisfaction and lower turnover.

The National Association of Government Defined Contribution Administrators sent a letter to the IRS and the Treasury, urging clarification on age-60 catch-up contributions and plan participation for part-time workers.

Millennials expect they'll need $1.3 million for a comfortable retirement but only 29% will reach that, while older workers say they'll need $1.1 million, though only 21% expect to reach it.

Since more than half of employees said they haven't received financial advice for investing or retirement, resources like employee assistance programs and financial well-being programs have never been more important, says a new survey.

There are five key questions every employee needs to consider on their path to retirement readiness, and employers are the ones who need to deliver the message as part of a much-needed financial wellness program.

After analyzing 600,000 retirement plans with $8 trillion in assets covering 96 million workers, the 401(k)s at certain industries have best weathered the COVID pandemic, according to a new report from Judy Diamond Associates.