Encouraging the use of wellness tools that put the power to manage goals and find resources in the hands of employees can help them manage stress and budgeting.
President-elect Donald Trump has nominated former independent presidential candidate RFK Jr. to lead the Department of Health and Human Services, which now will require Senate confirmation.
The Department of Labor’s ESG rule that permits environment, social and governance factors to be considered when selecting investments took effect in 2023, but was quickly challenged in court by 25 GOP-led state attorneys general.
For employees, portable plans mean they own their retirement savings from day one, eliminating the need for complex rollovers when changing jobs. For employers, these plans remove the administrative burden and high costs.
Nearly half of workers eligible for state-run retirement savings programs can't be verified, under anti-money laundering requirements of the 2001 USA Patriot Act, reports the Bipartisan Policy Center.
Retirement plan participants find plan information confusing, even overwhelming, and question their own investment choices, which is why 74% of Americans want more professional help with their 401(k)s – and many are willing to pay for it, says a Pontera survey.
After getting fined $35 million by the Securities and Exchange Commission in September, Invesco is fined again – this time for violations of the Advisers Act.
While employees say they have better access than ever to financial products and services, employers need to continue educating employees about the value of their retirement benefits, according to a Principal survey.
In President-elect Trump’s first administration, there were “explicit statements of support for the 401(k) system and its pre-tax savings benefits,” said one expert. Will that continue?