While participation rates in 401(k) plans dropped in 2022, participation rates increased in 403(b) plans in the same time frame to a record high, according to the Plan Sponsor Council of America’s (... Read More
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Industry Trends and Research
BY Ted Godbout | 12/19/2023
The retirement market presents an “underappreciated” growth opportunity for advisors who are not necessarily retirement specialists, according to a new study that looks at key trends shaping the... Read More
BY Ted Godbout | 12/18/2023
Even though a recession never materialized, 2023 ended up being a challenging year for investors with the Fed calling the shots, Bob Doll observes in looking back on his 2023 predictions.
As... Read More
BY Richard Phillips | 12/14/2023
Is IBM on to something?
Big Blue recently announced that they would end the company’s 401(k) match effective January 1, 2024, replacing it with a Retirement Benefit Account (RBA). It will... Read More
BY John Sullivan | 12/13/2023
It’s a massive gap. Generation X says it will take $1,112,183 in savings to retire comfortably, yet they expect to have $661,013 saved. The $451,170 difference tops the expected shortfall facing... Read More
BY Ted Godbout | 12/13/2023
Despite ongoing workforce challenges, a panel of retirement industry experts are confident that by 2026 more small companies will offer a workplace retirement plan and more employees will participate... Read More
BY John Sullivan | 12/13/2023
Advisors of color are closing the racial savings gap, impacting their communities and beyond—here’s how. Fred Reish explains how plan advisors can help their plan sponsor clients avoid fiduciary... Read More
BY Ted Godbout | 12/12/2023
American workers are benefiting from higher savings account rates, a rebounding equity market and a strong employment market, but economic and financial conditions are making it hard for many to... Read More
BY John Iekel | 12/8/2023
There is work to be done in improving overall retirement readiness—and one factor that could help explain that is confidence about retirement planning and plans, recent studies suggest.
Confidence... Read More
BY Ted Godbout | 12/7/2023
While institutional investors are decidedly bullish on bonds, private equity and private debt, what speaks volumes about their mindset heading into 2024 is the degree to which they are worried about... Read More
BY John Sullivan | 12/6/2023
The National Association of Plan Advisors (NAPA) launched the NAPA Advisor Research Institute (NARI), a new and unique research arm dedicated to the retirement plan advisor industry launched earlier... Read More
BY Ted Godbout | 12/4/2023
A key theme that has emerged from Alight’s annual “hot topics” survey is that employers need more guidance on key provisions in the SECURE 2.0 Act before fully embracing them.
In looking at... Read More
BY John Sullivan | 11/30/2023
Plan sponsors significantly overestimate participant retirement readiness, at least according to Voya.
The firm found a gap between participant feelings versus plan sponsor perceptions when it... Read More
BY Ted Godbout | 11/29/2023
Even though challenges remain, new research finds a hint of optimism going into the new year, when Americans were asked what steps they are likely to take in 2024 as to their overall savings and... Read More
BY John Sullivan | 11/27/2023
It’s all about the attitude—especially in retirement saving and investing.
Little surprise that certain financial behaviors help close gaps between retirement savers’ intentions and their reality... Read More
BY Ted Godbout | 11/20/2023
While contribution levels have remained consistent, a troubling trend is that many individuals increasingly have been tapping their retirement savings through hardship withdrawals or loans.
This... Read More
BY John Sullivan | 11/20/2023
“Money can’t buy happiness;” it’s a truism as old as time and one Millennials and Gen Z are rejecting (like everything else).
“Can money buy happiness?” Empower recently—and rhetorically—asked. “... Read More
BY Hattie Greenan | 11/16/2023
NAPA sister organization Plan Sponsor Council of America (PSCA) is out with its latest survey of 401(k) plans. It finds that after record contribution rates from participants and employers in 2021,... Read More
BY John Sullivan | 11/14/2023
Quiet quitting and the Great Resignation are still a thing, catapulting the failure to attract or retain top talent to the No. 4 position in a new Aon survey of the most pressing business... Read More
BY Ted Godbout | 11/10/2023
The Plan Sponsor Council of America’s (PSCA) 5th annual Health Savings Account (HSA) Survey of more than 500 employers indicates that more employers are framing HSAs as part of a holistic retirement... Read More
BY Ted Godbout | 11/8/2023
Despite being better educated and enjoying improved career opportunities, women still lag behind men when it comes to saving and planning for retirement, according to a new study that examines the... Read More
BY Ted Godbout | 11/6/2023
While employees expect their defined contribution (DC) plan to be a key vehicle for funding their retirement, most are worried their retirement savings will not be enough to cover their expenses,... Read More
BY Ted Godbout | 11/1/2023
The SECURE 2.0 Act marked a significant step towards enabling more small business owners to offer retirement savings plans, yet 65% still don’t offer one to their employees.
How can... Read More
BY Ted Godbout | 10/30/2023
That apparently is the sentiment for nearly half of investors who participated in the Nationwide Retirement Institute’s 9th annual Advisor Authority survey.
In fact, regardless of political... Read More
BY Ted Godbout | 10/26/2023
Morningstar’s 7th annual landscape study on health savings accounts (HSAs) available to individuals shows continued industry improvement, even though persistent issues with transparency and fees... Read More
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