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One key finding: 401(k) plan participants saved at historic rates in 2023, with the average participant deferral rate reaching a record-high 7.4%.
Despite nagging inflation, 401(k) plans saw record-highs in participation, deferral rates and the use of professionally managed allocations in 2022, according to Vanguard.
But understanding the preferences of your target industries can help you be ready to better meet their needs this enrollment season.
There are officially five generations of employees in the workplace and it seems each generation has their preferences.
Three-fourths of brokers sell nontraditional products regularly, according to the "Brokers Back in Business" Spotlight report.
Mergers and acquisitions are integral to corporate growth strategies. However, the failure rate (a staggering 70% is an oft-cited statistic) casts…
Financial wellness continues to be the most requested employee benefit and should become a top priority for employers.
Many employees are not confident that they will have enough saved for a comfortable retirement.
Retirement advisors are ecstatic about SECURE 2.0, with 95% of advisors supporting the new legislation.
By 2030, total health spending is expected to reach $6.8 trillion.