Retirement Trends

Over a third of plan participants have taken 401(k) loans and hardship withdrawals, while ESAs provide a no-cost alternative that cuts the likelihood of retirement loans and withdrawals in half.

Inflation is getting lower and, under federal law, that means the benefits cost-of-living increase is getting smaller.

As the health care and benefits landscape changes and evolves, a growing number of benefits professionals and organizations are doing all they can to humanize the process.

Job seekers are now expecting financial wellness benefits, and nearly half (47%) of employers will offer them by 2026, according to Borja Perez at CloudPay.

She hopes to use prescription benefit savings and international tax changes to pay for the services.

Words are very powerful, says a new Invesco survey, which identifies some specific language that resonates with plan participants and can guide plan sponsors as they craft their messaging. For instance, "investment income" is preferred over "nest egg."