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Millennials and Gen X workers are changing the workforce in the U.S., and employers and policymakers must respond.
Only about 35 percent of retirees feel they are prepared adequately for retirement, and 25 percent are worried they'll outlive their savings.
While the short-term consequences to retirement savers are likely to be minimal, long-term impacts could surface.
Half of plan sponsors don't know if they have a fiduciary responsibility to identify and address cognitive decline among plan participants.
Two-thirds of small businesses said they continue to experience negative impacts of COVID-19, and 46 percent said the impact is significant.
Remote workers are less likely to use plan default investments and may benefit from managed account options, according to a Morningstar study.
Good news is, they want advice-- here are four areas which advisors can focus on to help close literacy gap.
In a recent audit, 71,088 terminated beneficiaries were identified that were owed underpayments totaling $155 million.
Financial wellness programs will be critical in 2021 for getting employees back on track for retirement.
The effects of the pandemic will continue to impact benefits decisions and processes well into 2021.