The report by ValuePenguin, a division of LendingTree, also found the number of private sector workers enrolled in HDHPs rose in 2021 for the eighth-straight year.
Around 70% of financial advisors and plan sponsors agree, saying participants will make little to no change to their 401(k) contributions, in a new 'State of the industry" report.
There's a strong desire for help with financial decisions across generations but a strong majority (75%) of Americans said it was important that their employer offer a program to help manage finances, says a new study.
A very large percentage of retirees (87%) said the government should do more to help retired Americans, while 60% say their employer didn't help enough with retirement, according to a new survey.
Over two-thirds of employees would access the help of financial professionals with financial planning and investing questions if it were available, according to a new Morgan Stanley survey.
With the stress and upheaval of the pandemic still having an impact on the workplace, employers also are putting a new focus and emphasis on behavioral health, including substance use.
Most public pension plans are distressed or fragile, and there are better ways – risk-managed pensions, guaranteed return plans, hybrid plans or any combination – to design them for the 21st Century, says a new report.
It's not necessarily problematic, but there's a gap between what a typical pension plan sponsor thinks they're bearing in terms of risk, and what Vanguard's survey findings indicate.
Plan sponsors should take note of how rules around retirement plans are evolving due to regulatory changes, including the passage of SECURE 2.0, and whether their strategy remains relevant in this new environment.