With the growing uncertainty over Social Security's future, America's workers are relying more than ever on their employers to ensure they'll have enough money to retire—and this growing trend toward paternalism is being embraced by mutual fund and insurance companies.
This week, both Putnam Investments and Russell Investments announced new programs designed to help companies track whether their employees' 401(k) plan choices will afford them adequate savings in retirement.
These announcements came the same week that the U.S. Senate Finance Committee held hearings on tax reform options for promoting retirement security.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
