The Alight Solutions 401(k) Index shows net 401(k) trading activity for 2021 was 0.53% of balances, the lowest annual figure measured since tracking began in 1997.
Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as...
Participants said they would welcome assistance through their employers with figuring out how to catch up to their retirement savings goals and managing their expenses.
Average asset allocation in equities rose to 70.2% during June, the highest level in 20 years, though the proportion of new contributions going to equities remained at 69.2%.
The way people view and define retirement has undergone a significant philosophical change in recent years, creating a clear and present need to update the defined contribution plan...
Section 409A nonqualified plans allow for various payment dates so participants can save for children’s college expenses and other financial needs and wants.
Likely feeling the same financial squeeze as their private sector counterparts, the new Public Retirement Research Lab also found they are contributing less to retirement savings.
Recordkeepers say they saw low uptake for coronavirus-related distributions and loans, a stark contrast from what was predicted when the CARES Act was passed in March.