Retirement Trends

The Securities and Exchange Commission's new Crypto Task Force is paving the way for crypto in 401(k) plans, by issuing disclosure requirements for exchange-traded products tied to cryptocurrencies.

After a jury trial awarded 26,000 bank employees $38 million – short of the damages sought – in an ERISA fiduciary breach lawsuit in April, the leading retirement plan provider agreed to the extra $10 million to resolve the suit.

The average self-directed brokerage account within workplace 401(k)s finished at $335,857, down 4.7% from Q4 in 2024, according to Charles Schwab's SDBA Indicators Report.

Lawmakers included the Secure Choice Savings Program, which would require employers to automatically enroll their employees, in the state's budget bill that both chambers passed on Monday, and is now awaiting the governor's signature.

The number of Americans living to 100 is expected to quadruple by 2054, yet most retirement plans aren't built for longer lifespans – and this is why employers should offer lifetime income options within 401(k)s, says Nationwide.

Social Security benefits will be depleted in 2033, according to SSA's latest trustees report, and retirees will need extra funds to make up the shortfall, unless Congress takes action, according to PensionBee.