The cuts in savings mirror a larger financial challenge, with 30% of Americans finding it difficult to make ends meet and 39% lacking nonretirement savings sufficient to cover one month of living expenses, says a new study.

The auto-enrollment and auto-escalation provisions within the new legislation could be perhaps the biggest catalyst for helping American workers accumulate wealth, according to a new report.

A higher employer 401(k) matching rate corresponded with a greater likelihood for employees to cash out of retirement plans when switching jobs, according to a new survey.

Against the backdrop of a second financial blow to those already struggling to recover from the impact COVID-19 had on their finances, stress levels are on the rise - and employers can offer support in a number of ways, says a survey.

Although fees fell for all employer-sponsored retirement plans, small plans (with 50 participants and $5 million in assets) still pay higher fees, according to a book that analyzes 401(k) fees.

This massive growth will be fueled by a tight labor market and SECURE 2.0 government mandates – and 401(k)s among employers with less than 100 employees will have equaled coverage among employers of 100+ employees.

Plan sponsors can help workers through job changes by preserving assets when possible (not cashing out) and consolidating accounts into the current plan, says a new survey.

The DOL is asking Congress for $5 million to establish a dedicated program, led by the Employee Benefits Security Administration, which recovered more than $1.5 billion in lost benefits for missing participants in 2021.