Tag: Default Savings Rate

Employers are reconsidering the most important factors in setting their workers up for savings success.

Implementing an effective employer contribution strategy requires plan sponsors to consider timing, costs and the workforce’s specific financial needs.

Reframing wording for employee contributions and presenting higher default savings options are effective strategies, according to Voya research.

New research evaluates whether a higher default savings rate or a higher match has a greater impact on retirement savings...

Voya Financial says plan sponsors should not be intimidated about raising default savings rates.