Participants Are Fooled by Retirement Plan and Savings Misconceptions
A survey identified confusion plan sponsors can clear up with ongoing education and digital tools.
Participants
Ways NQDC Plan Participants Use Their Accounts
Section 409A nonqualified plans allow for various payment dates so participants can save for children’s college expenses and other financial needs and wants.
Public Sector Gen X Workers Face More Outstanding Retirement Plan Loans
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.
Retirees and Near-Retirees Need an Annual Financial Checkup
Retirement plan sponsors can remind participants to review their finances and provide resources for them to do so.
Strong Performance Attracts 401(k) Investors Back Into Equities
Their portfolios' exposure to equities is back to pre-pandemic levels.
Despite Challenging Year, CRDs and Plan Leakage Were Sparse
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.
401(k) Investors Take Their Preference for Fixed Income to New Level
In October, all of their net trades went into fixed income, according to the Alight Solutions 401(k) Index.
Gen Z Needs Opportunity to Save for More Than Just Retirement
Gen Zers likely had a great start to saving for retirement, but they are facing near-term financial challenges.
Introducing the Gen Z Gig Workforce
Younger employees are heading into freelance or gig work—whether that’s their first choice or not.
Gen X Amenable to In-Plan Guarantees
Gen Xers are in unique situations for which they need education and help to boost their retirement readiness.
Helping Employees With Financial Decisions During COVID-19
When the pandemic is financially and emotionally affecting employees, they need access to sound reasoning.
Connecting Behavioral Science to Higher Savings
A social scientist explains how simpler tactics can help lead participants to better financial savings habits.
Few Individuals Expected to Dip Into Retirement Accounts
Even as Congress fails to enact new relief legislation, experts say they do not suspect defined contribution (DC) plan withdrawals will rise.
Workers Continue to Take Withdrawals From Retirement Accounts
An American Consumer Credit Counseling (ACCC) report found 23% of employees are also increasingly unconfident in the economy.
401(k) Investors Light on Trades in July
The movement from equities to fixed income continues, according to the Alight Solutions 401(k) Index.
Reaching K-12 403(b) Plan Participants During the Pandemic
School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue educating participants in creative ways.
401(k) Investors Continue to Move Into Fixed Income
There was also a slight uptick in trading during June.
COVID-19 Widens the Financial Security Gap for Black Workers
Statistics about disparities may reveal what is happening among plan sponsors’ own workforces.
Generations Experience the Effects of COVID-19 Differently
Understanding each generation’s attitudes and concerns is key to knowing the right retirement savings education and tools to offer.
401(k) Investors Barely Touched Their Accounts in May
Those who did trade favored fixed income, according to the Alight Solutions 401(k) Index.