What’s Changing in 2024 Under SECURE 2.0
A comparison of the SECURE 2.0 Act of 2022 provisions taking effect in 2024 and prior law, where applicable, according...
Tag: emergency savings
Benefits |
Unum Group Sees Early Success With Emergency Savings Program
The insurance provider launched its emergency savings program in April, allowing participants to contribute up to $10,000 to the account...
Employees More Stressed Over Immediate Expenses Than Retirement
Cost-of-living expenses, as well as student loan debt and wages, are primary obstacles to saving for retirement, according to new...
Union Members Report Faring Better Financially, Yet Take More Loans
Loans and hardship withdrawals from a retirement savings account are more prevalent among Taft-Hartley plan members, with Gen Xers leading...
Benefits |
Whole Foods Plans Benefit to Plug Workers’ Saving Gaps
The company announced this week it will offer emergency savings accounts in 2024.
Benefits |
Workers’ Emergency Savings Shortage Showing in Shaky Retirement Security
Fidelity Investments has revealed several best practices for employers to incorporate, bolstering access to emergency savings options and to limit...
Youngest Workers Feel They Face Most Retirement Obstacles
Workers from Generation Z say the cohort experiences higher financial stress than other generations, affecting their job performance, according to...
Women Making Retirement Savings Progress, Fidelity Finds
A higher percentage of women are saving for retirement than four years ago, and women are staying the course when...
Benefits |
5 Ways Employers Can Improve Retirement Readiness for Underserved Participants
From incorporating an in-plan emergency savings vehicle to facilitating auto-portability, employers can take actionable steps to help disadvantaged workers save...
Benefits |
Inflation Did Not Curb Participants’ Retirement Savings in First Half of 2023
Despite consistent contributions, participants taking loans or hardship withdrawals are half as likely to use auto-increase plan feature, T. Rowe...
Benefits |
Plan Sponsors Offering Wellness Resources See Increased Worker Satisfaction
Bank of America recommends plan sponsors act to promote greater employee retirement readiness.
Benefits |
Workers’ Retirement Savings Are Boosted By Access to Savings Tools
BlackRock and Human Interest found that the lack of access to a retirement plan is a ‘crucial’ factor to preventing...
Benefits |
Delay on Catch-Up Provision Allows Employers to Explore Optional SECURE 2.0 Features
When assessing optional provisions like emergency savings and student loan matching, Vanguard’s David Stinnett says plan sponsors should take a...
Benefits |
Delta Debuts Financial Wellness Program for Non-US Employees
In a partnership with Nudge Global, Delta will offer a new financial education program and reward workers with the local...
Unplanned Financial Challenges Continue to Plague US Workers’ Retirement Savings
Unexpected financial challenges can reduce a US employee’s retirement savings by up to 37%, according to a new survey by...
Emergency Savings Serve as Buffer To Protect Retirement Assets
For low-income households, having at least $1,000 in emergency savings can prevent them taking hardship withdrawals from their retirement savings,...
Benefits |
How Employers Can Address the Nurse Retention Problem
Nurse turnover remains high, and employers can improve their overall retention by implementing benefits both old and new.
Retirement, Broad Financial Fallout From COVID Continues
A defined contribution industry survey finds lasting financial effects to retirement plan participants.
Plan Sponsors Have Lots to Prep for SECURE 2.0 Compliance
Whether legislated changes take effect now or down the road, communication with recordkeepers and participants will be crucial.
Report Reveals Increase in Number of Workers Delaying Retirement
Employees are now more than twice as likely to describe their personal finances as fair or poor, as they are...