The number of retirement millionaires jumped in the second quarter of 2023, with a 10% increase in millionaires holding 401(k) accounts and a 13% increase in millionaires with IRAs, according to Fidelity.

Flexible work options and mental health resources are important benefits employees want from their employers to increase satisfaction at work.

While some employers see a benefit in offering employees a shortened work week, other employers worry about meeting operational goals and adequately serving customers if they require employees to work fewer hours.

To celebrate 401(k) Day on Sept. 8, here's how employers can take steps to raise awareness for the importance of financial literacy and how employers can help their employees build retirement security.

More than 8 in 10 workers received an employer 401(k) contribution in the first quarter, and 78% of workers contributed to their 401(k) at a level that allowed them to earn the full matching contribution offering, says Fidelity.

The federal government should impose restrictions on when account holders can take distributions from retirement accounts and provide more time to pay back 401(k) loans, according to fintech IRALOGIX.

While older men have the largest 401(k) balances and younger women the smallest, employers need to provide the right benefits and resources to every employee, says a new report.

Vice funds, which include "sin stocks" – concentrated in alcohol, tobacco, weapons and gambling, have the longest track record and remain a key approach for anti-environmental, -social and -governance investors.