Retirement Trends

For the first time in years, Gen X reported slightly worse financial wellness than Gen Z, but the new catch-up contribution rules for next year will give them a boost, according to a new Guardian report.

Below is a summary of provisions relevant to employers and their retirement plans that will become effective in 2025.

Target date funds with built-in retirement income payment features, as well as required minimum distributions, offer a way for retirees to receive income directly from their 401(k)s, according to a new IRIC paper.

Over half of workers, especially older generations, would like to learn more about the federal government’s plan to make matching contributions to their retirement accounts, according to a Charles Schwab study.

The Department of Labor’s Retirement Savings Lost and Found database, which is expected to go live next month, still needs help from plan administrators on participants who left the company.

While 401(k) plans have blossomed in popularity, the retirement savings crisis rages on. Here’s the path forward, from the employer and employee perspective, says Paychex’s Zach Keep.