All generations remain vulnerable with a lack of retirement preparedness, but there's no one-size-fits-all approach to helping participants make their plans.
The majority of financial advisors are men, but women seek out financial advice more than men do. So how can advisors connect with the women they are serving?
A federal court orders the owners of JJD Industries Group to restore nearly $70,000 in health care premiums and retirement plan contributions to employees at several companies.
When January rolls around, plan sponsors need to know whether they are eligible for an audit and if they are, they need to submit an independent plan audit with their IRS Form 5500.
The 15-member Advisory Council on Employee Welfare and Pension Benefit Plans provides advice on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act.
When asked about their top objectives, nearly half of plan sponsors put increasing participants savings rates first or second on their priority list. Other major goals are improving communication and education efforts, improving investment outcomes, facilitating optimal retirement income replacement and increasing participation rates.