Research

When it comes to 401(k) knowledge, there are varying levels of understanding across the generations: Just 60% of Gen Z knows what a 401(k) is, whereas 72% of millennials, 82% of Gen X, and 95% of boomers do, says a new study.

Retirement savings is often a casualty for those who have inadequate emergency savings but providing employees with savings tools and resources will shine a spotlight on the need to save for both short-term and long-term goals.

Employees want assistance with everyday financial concerns like budgeting, as well as financial literacy, employee discount programs and pretax dependent care reimbursement accounts.

Hospitals in the United States faced unprecedented challenges during the COVID-19 pandemic, and those challenges have left them floundering in the face of increased costs and workforce shortages.

More than 8 in 10 workers received an employer 401(k) contribution in the first quarter, and 78% of workers contributed to their 401(k) at a level that allowed them to earn the full matching contribution offering, says Fidelity.

While the official announcement will come in October, the IRS contribution limit for retirement accounts will likely be a modest $500 increase for 2024, according to a new Milliman report.

Employers account for more than $1 trillion in health care spending annually, which is why they should create an information ecosystem to access provider quality information, says a new report.

From savings and early withdrawal habits to financial strategies and backup plans, each generation of workers faces unique challenges.