Research

The passage of SECURE 2.0 and the persistently high interest rates have generated increased focus on a new TDF that combines asset accumulation with an annuity that provides guaranteed lifetime income, according to Vanguard.

More than 485,000 accounts had seven-figure balances at the end of the first quarter, a 15% increase from the end of 2023, according to Fidelity, which is the largest 401(k) platform in the country.

While Congress is interested in making it easier for employers to offer pension plans since DC plans might not provide enough retirement income, employers need to think "more holistically" about programs, says NIRS.

Financial advisers will play a critical role in educating plan sponsors, who have been a little reluctant to put annuities inside of a 401(k) plan until SECURE 2.0 now makes it more advantageous for employers, says trade group LIMRA.

In Novo Nordisk's studies, patients taking the drug maintained weight loss after four years and were helped by its heart health benefits, which could strengthen the case for insurers to cover the cost of Wegovy.

Many firms have some misconceptions about the costs of offering and administering a retirement plan and were not aware that they can claim a tax credit of up to $5,000 for 3 years to help offset the start-up costs, says a new study.

Since employees generally go along with most retirement plan provisions, adding plan design features, such as auto-enrollment and auto-increase, are some of the fastest ways to help boost participation rates, says a new survey.

In a year when more Americans than ever are turning 65, employees aged 55-65 are feeling more apprehensive about retirement than in previous years, according to Nationwide survey.