Will new laws increase access to retirement savings and coverage, and will President Trump’s tax cuts incentivize investment in 2025? We asked retirement insiders to weigh in.
While they value financial independence, younger generations are drawn to high-risk investments, such as cryptocurrency, in pursuit of quick returns rather than long-term savings.
In the competition for talent, employers look to provide benefits that are most valuable to today’s workforce in a cost-effective way. As such, the economic value of benefits programs are front and center for employers.
Many 401(k) plan sponsors are overwhelmed by these legislative changes and the responsibility to implement new plan options, which is why some degree of outsourcing is recommended, according to Mercer.