Retirement Trends

The high cost of health care drove the vast majority of strategies in the benefits space, as pharmacy benefit managers found themselves in the headlines far too often this year, as the high costs of drugs (and weight loss drugs, in particular) were a hot topic.

Seattle-based Weyerhaeuser Company employees filed a class action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.

It's the perfect time for employers to encourage workers who aren’t participating in the 401(k) to consider easy, actionable financial New Year’s resolutions that can help them reach their retirement goals and avoid regrets, according to Nationwide.

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.

Gen Xers are increasingly turning to experts for financial guidance, with nearly four in 10 currently paying for advisor services, up from 29% just six months ago, according to a Nationwide study.