Employee Participation

"It is concerning that some workers, especially Gen Z, are reducing their 401(k) contributions due to rising medical insurance premiums," said Kimberly Landry, research director at LIMRA.

Brokers and carriers looking to grow their blocks of business should consider broadening their target markets to take advantage of the significant potential at both ends of the voluntary/worksite industry.

One in five U.S. adults believes they will never achieve financial independence.

This gap represents a growing risk for HR leaders who rely on self-attestation or course completion data to gauge workforce readiness.

As seen during March's market decline, participants largely avoided sweeping changes despite heightened uncertainty. The April rebound shows that discipline carried forward as markets recovered.

Clear plan communications and careful provider network management may help.