Defined Contribution

With financial stress higher than in previous years, strategies such as coaching and AI-guided resources can help workers reduce their debt — who in turn can be advocates for better financial practices, says a new report.

Here are four increasingly popular benefits that will help employees better navigate large-scale financial challenges and prepare for the future, which in turn leads to improved productivity and lower health care costs.

The ESG Working Group plans to focus on how ESG-centric investing prioritizes ideology over profits, they say, to the detriment of consumers, claiming "the Biden Administration is making it harder for Americans to retire."

Even if none of the states in the nation are where they should be when it comes to retirement savings, some states are closer to their benchmarks than others.

Demand for retirement planning assistance grew compared to last year, with employees choosing goals-based retirement investment planning and access to retirement planning tools as the most beneficial, says Morgan Stanley.

After lower courts ruled against the president's sweeping student loan forgiveness plan, the high court has put an end to the controversial debt-relief plan which drew plenty of legal challenges.

Most plan sponsors are monitoring regulatory changes, properly managing plan operations and have appropriate fund and investments offerings, but even with diligent effort, mistakes will happen.

Financial wellness education and training can help reduce employee stress, but how should it be delivered? 30% of employees prefer digitally-delivered education and more than 50% prefer learning about benefits via e-mail.