Retirement

More and more public sector workers are relying on DC plans for their retirement savings, however, half of them in their 60s had less than $40,000 in their account balances, according to new research from EBRI.

Drip marketing works. That's why employers need to continually show employees more and more reasons why they should save for retirement, using a variety of signs, email campaigns and text messaging.

Low earnings was identified as the number-one biggest roadblock (41%) for retirement, while the majority of Americans (53%) feel they're lagging behind their peers in savings, according to a new survey.

The idea of retiring on $100,000 a year should get employees' attention and can be a good lead-in to financial wellness training sessions on two of the "building blocks" of retirement – Social Security and investing in 401(k)s.

The ERISA Industry Committee, which represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor DB plans after recent federal pension bailouts.

Health savings accounts hold an important spot as a benefits program to help employees prepare for health care needs in retirement but women's investment balance lags behind men's by 15%, says a new BofA report.

In the new report released last week, the agency reveals it recovered $4.9 billion in overpayments but still has a $23 billion uncollected overpayment balance, despite repeated attempts to contact beneficiaries.

Financial wellness has emerged as a game-changer – and the new retirement legislation is making new employer offerings, such as student debt relief or emergency savings funds, more cost-effective than ever to implement.