Retirement Trends

Employers need to rethink how these programs are structured and include these must-haves: fiduciary-only advice, AI and human guidance, a focus on everyday challenges and seamless and engaging technology.

A third of Americans don’t believe retiring in their current location makes financial sense, which is why Nationwide Financial Research’s new data can help advisors offer specific financial guidance to those in the Northeast, Midwest, West and the South.

Forfeiture cases are no longer nuisance lawsuits, as top law firm Schlichter Bogard, which has been representing many plaintiffs in recent 401(k) excessive fee lawsuits, is representing the telecommunications company’s participant-plaintiffs.

In addition, 90% of all nonprofit employees are eligible to participate in plans, a survey high, and likely expanded due to another SECURE 2.0 provision allowing long-term, part-time employees to participate, according to a PSCA survey.

The lawsuit, like many 401(k) lawsuits filed by employees over the last year, challenged HP’s decision to use “forfeitures” to reduce employer contributions rather than to pay administrative costs.

The Senate’s new bill would allow 403(b)s to include CITs as part of their investment menu options, and now the Investment Company Institute is getting behind the effort to boost retirement savings for nurses, educators, and other nonprofit workers.