Retirement Trends

The Internal Revenue Service and the Department of the Treasury are requesting comments on this new SECURE 2.0 provision, which takes effect in 2027, that will provide low-income employees with an annual $1,000 match.

While the second half of the year typically means Open Enrollment for most companies, it's the perfect time to highlight the benefits of saving and investing in the company's retirement plan as workers are reviewing all their other benefits.

Just like auto enrollment and the default selection of target-date funds, the adoption of auto portability was given a push by SECURE 2.0 and the upcoming Saver's Match Program will allow low-income workers to save even more for retirement.

There are myriad ways to advise clients to increase awareness of their company retirement plan – send out educational emails, newsletters or videos, says Chuck Smith of Prime Capital Retirement.

"Shiny" new perks might cause employers to overlook what's right in front of them and underestimate the importance of retirement benefits—a mistake that could end up costing them talent, says a new Guideline survey.

The Plan Sponsor Council of America has launched a handy and customizable "Building Your Financial Future" educational campaign to help employers and plan sponsors recognize 401(k) Day tomorrow, September 6.