Research

Employers need to provide access to professional resources that help employees develop a personalized financial plan and evolve that plan over time, according to a new Goldman Sachs report.

While saving for retirement is the top-ranked financial goal for employees overall, young and lower income employees rank paying off credit card debt as their top financial goal, according to a Bank of America report.

When asked what solutions would increase their confidence in their retirement plans, workers' top response was an in-plan protected retirement solution, says Cathy Marasco at Nationwide, which published a new Protected Retirement survey.

More plan sponsors are prioritizing retirement income and considering managed accounts as an opt-in option in 401(k)s, according to T. Rowe Price's 4th annual consultant study.

The depletion of funds will directly impact retirement strategies, which is why employers need to focus on enhancing employee 401(k) plan offerings, promoting higher contribution rates, and providing financial literacy programs, says a new Atticus survey.

Transitioning from voluntary to auto-enrollment in 401(k)s, coupled with auto-escalation, should be a key plan design feature for employers, recommends the Morningstar Center for Retirement & Policy Studies.

Employers and plan sponsors must prioritize guaranteed income options in 401(k)s as a necessity – not just a "nice-to-have" option, according to a Nationwide's Protected Retirement survey report.

Well-designed retirement plans and financial education can help impact employee retirement savings, according to a new Human Interest survey.