Retirement Trends

Just a day after another federal appeals court blocked Biden's new student loan program, the high court agreed to hear arguments in February, with a decision expected by June.

Employers can help earlier in a plan member's career by offering financial planning as a benefit, by encouraging a better understanding of how HSAs work and by offering education on prescription drug affordability strategies.

Companies might prioritize flexible retirement plans that can make it simple for employees to save for their future or offer auto-enrollment to help new employees save for the long-term.

The administration's student loan program, which has already approved 16 million applications since launching in October, was dealt another legal blow, likely sending a second case to the Supreme Court.

When it comes to employee retirement plans, some advisors adhere to a less stringent set of obligations - the suitability standard, so it's beneficial to speak openly with advisors and brokers about their fee structure.

More than half of large employers either currently position health savings accounts as part of a retirement savings strategy to employees or plan to do so in the future.

Offering a retirement plan can lead to an annual cost savings of more than $100,000 in reduced employee turnover costs alone for SMBs – a 2x return on the initial costs of offering a 401(k), says a new study.

There are several steps that companies can take to help reduce financial stress on employees, Including financial coaching and emergency savings accounts, according to a new report.