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HSAs are still predominantly viewed by employees as a spending account to meet current needs.

Small employers are more likely to keep balances in plans indefinitely, while larger employers are more likely to roll money over to an IRA, according to a Plan Sponsor Council of America survey.

Over a third of plan participants have taken 401(k) loans and hardship withdrawals, while ESAs provide a no-cost alternative that cuts the likelihood of retirement loans and withdrawals in half.

Job seekers are now expecting financial wellness benefits, and nearly half (47%) of employers will offer them by 2026, according to Borja Perez at CloudPay.

The Plan Sponsor Council of America has launched a handy and customizable "Building Your Financial Future" educational campaign to help employers and plan sponsors recognize 401(k) Day tomorrow, September 6.

Local pharmacies and patient groups like it. Health insurance and benefits groups predict it will drive up costs.

It's an ideal time to focus on promoting financial literacy and helping employees understand the various long-term savings tools that may be available to them beyond a 401(k), such as an IRA, HSA, and FSA.

Following a companion bill introduced in the Senate last year, the House has introduced legislation that removes barriers for employers to begin offering employer-sponsored retirement plans to employees aged 18 to 21.