Research

Although fees fell for all employer-sponsored retirement plans, small plans (with 50 participants and $5 million in assets) still pay higher fees, according to a book that analyzes 401(k) fees.

Millennials expect they'll need $1.3 million for a comfortable retirement but only 29% will reach that, while older workers say they'll need $1.1 million, though only 21% expect to reach it.

The average cost of medical coverage (regardless of plan type) is $5,330 for single coverage and $13,998 for family coverage, with employers contributing 72% toward the cost of single coverage and 70% for family coverage, says a new report.

Since more than half of employees said they haven't received financial advice for investing or retirement, resources like employee assistance programs and financial well-being programs have never been more important, says a new survey.

Employees often do not know the range of resources available to them in their benefits packages, and are often unaware of counseling included in the company's employee assistance program, according to a TELUS survey.

This massive growth will be fueled by a tight labor market and SECURE 2.0 government mandates – and 401(k)s among employers with less than 100 employees will have equaled coverage among employers of 100+ employees.

Retirement planning poses a particularly difficult challenge for gig workers even though the tools and intelligence are there in the financial services industry to put such a plan in place, according to a new report.

Plan sponsors can help workers through job changes by preserving assets when possible (not cashing out) and consolidating accounts into the current plan, says a new survey.