Get 401(k) and 403(b) news, best practices, and the latest rules and regulations advisors need to know. Analysis from seasoned financial journalists helps you avoid problems and interpret government regulations, as well as keep your plan sponsor clients informed.
Employers can help employees save by automating and incentivizing emergency savings, but it's key to customize messaging that is unique to a specific employee demographic to increase the likelihood of them taking action.
The new Saver's Match program launches in 2027, as a provision of SECURE 2.0, and allows low-income employees to receive a 50% federal matching contribution of up to $1,000, in addition to any employer match.
Against this retirement planning backdrop, however, employees are saving less for retirement, with the average amount now saved at $88,400 - a decrease of $10,000 from 2021, according to a Northwestern Mutual study.
Women report feeling knowledgeable about day-to-day finances such as paying bills and saving for emergencies, but less confident about building wealth and creating investment portfolios, a New York Life Wealth Watch survey found.
The financial stress your employees bring to the office has an impact on their effectiveness, but supporting them in their retirement planning can help improve their peace of mind and, subsequently, your company's overall success.
On Tuesday, the Department of Labor finalized its Retirement Security Rule that updates the definition of an investment advice fiduciary, while critics say millions could now lose access to professional financial guidance.
Tough markets in 2022 caused average balances to fall across industries, but some sectors managed to outperform significantly, according to Judy Diamond's 401(k) Benchmark Report.
Since most retirees no longer have pensions, financial advisors need to advise employees to take some of their 401(k) assets and convert them into protected income earmarked for retirement days, says The Longevity Project.
Stock options give every employee the ability to become a part owner of a company but members of the management team might be at greater risk because a larger percentage of their compensation might be in stock.