Retirement

Employers spend a lot of money and time offering robust benefits packages, but it's not enough to simply offer a retirement benefit — they must understand what will work best for employees, recommends GoBankingRates.

While most employees would stay put if an employer provided financial advice, employers need to segment their employees to address particular needs: Who wants a live webinar? Who wants personalized in-person advice?

The Washington Saves program, which will take effect in 2027, was signed into law late last week, and will require certain employers that do not offer a retirement plan to enroll employees into the state-run auto-IRA program.

Two-thirds of Americans said the pandemic has had an even deeper impact on retirement beyond dollars and cents, with younger generations saving an even higher percentage of their income for retirement, according to Fidelity.

Employers are now seeking unique ways to support their workforce through robust financial wellness programs.

Employers emphasize an increase in health and dental insurance, while employees say increased pay and 401(k) matches are tops, and this could be part of the ongoing issue of high turnover, a new study suggests.

The Insured Retirement Institute released its 2024 Federal Retirement Security Blueprint, urging Congress to enact changes within retirement legislation and the DOL to withdraw its proposed fiduciary rule.

The DOL has introduced complex admin costs – to support SECURE 2.0's new automatic transfer rule for small-balance 401(k)s of workers who change jobs – and they should be eliminated, says the ERISA Industry Committee.