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Retirement confidence shaky, but ‘heading in the right direction’: EBRI
Many employees (67%) believe their employer has a responsibility to help with financial planning because “if that’s where my nest egg is, that’s where my financial planning should come from,” according to a recent EBRI webinar.
IRS issues guidance for employers that adopt key SECURE 2.0 provisions
The IRS's new fact sheet includes guidance for provisions on de minimis financial incentives, Roth SIMPLE and SEP IRAs and designated Roth matching contributions – and how these provisions impact how certain amounts are reported on their W-2s.
‘A year of progress’: Vanguard’s annual 'How America Saves' report
One key finding: 401(k) plan participants saved at historic rates in 2023, with the average participant deferral rate reaching a record-high 7.4%.
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