Research

Many millennials turn to fragmented financial information online, leading to gaps in critical areas like budgeting, investing, and planning for future goals, according to NOYACK's Millennial Wealth survey.

While companies like Boeing and 3M are phasing out their pension plans, more and more employees see the pension as a way to restore the American Dream of retirement, according to the National Institute on Retirement Security.

With many plans expanding more investment options and educating participants now more important than ever, many plan sponsors are outsourcing advisory and fiduciary responsibilities, says new Morgan Stanley survey.

Employers should take a holistic view of their 401(k) that considers plan design, employee profile and behaviors and communication programs so that the plan can be tailored to the profile of the employees at their firm, says a John Hancock report.

Only 58% of plan sponsors believe participants are on track with their retirement savings, which is why most (82%) advisors are recommending a retirement income solution to DC clients, according to a Blackrock survey.

More than half (59%) of 401(k) participants wish they received more guidance from their employer on how to invest their workplace retirement plan assets, according to a new Schroders survey.

Six in 10 retirees and pre-retirees are willing to spend $100 or more for a comprehensive analysis of their financial situation, according to LIMRA.

New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?