Since many higher education institutions can't compete with the desire for employees to work completely remotely, 90% of them said a DC plan is key and half of the colleges and universities have added or increased employer match.

Reducing monthly expenses can extend a retiree's $500,000 savings by more than seven years, according to the financial advisory firm, which examined three sample retirement portfolios.

Even though only 39% of investors (and 48% of investors) say they're optimistic about a 12-month financial outlook, advisors need to step in to create a sense of security and confidence in investors' long-term plans, says new report.

In-plan retirement income solutions are now on the priority list with at least eight new products, such as target payout funds and in-plan annuities, having been launched by major asset managers and insurers since 2020.

A 7.5% increase is expected due to delayed preventive care during the pandemic, however, employers are hesitant to increase employees' portion of the benefit cost coverage.

As wage transparency laws surge, employers say they're worried about employee reactions to pay disclosures for job seekers.

Someone who retires at age 70 can expect to pay between 28% and 29% less in health care costs than if they retired at age 65.

These benefits include increases to maternity leave, child care services, and access to fertility and family-planning services, as well as wellness offerings for female and female-identifying employees.