Thirty percent of employees have tapped into their 401(k)s to cover an emergency expense, which is why employers and emergency savings funds can help address financial needs, says a new Inspira survey.
Many common plan design formulas, including safe harbor designs, disproportionately benefit higher-income employees, which is why thoughtful plan design can improve outcomes, according to a new survey.
The Department of Labor is seeking nominations for five, three-year vacancies on the ERISA Advisory Council, which meets four times a year to make recommendations to the Secretary regarding functions carried out under ERISA.
Workers are feeling more optimistic about their retirement prospects and more confident they can achieve their retirement goals, according to a new Charles Schwab study.
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.
The Institutional Retirement Income Council has released a new paper that recommends plan sponsors provide retirement income projections to plan participants, calling it an important element of retirement preparedness.
Now that the Abandoned Plan Program, which offers guidance on distributing assets from bankrupt companies' retirement plans, is in effect, the American Retirement Association offers recommendations to the DOL.
A preliminary injunction, granted Thursday by a federal judge, puts the implementation of the Labor Department's controversial new Retirement Security Rule, set to take effect September 23, on hold until further order of the court.
The Employee Benefits Security Administration's Abandoned Plan Program launches its online portal to assist in winding up individual account pension plans that have been abandoned by bankrupt companies.