In Q4, significantly more participants increased their retirement contribution rate, led by younger generations – Gen X-ers contributed the most, but millennials saved the most, according to a new BofA report.
Employers need to rethink how these programs are structured and include these must-haves: fiduciary-only advice, AI and human guidance, a focus on everyday challenges and seamless and engaging technology.
Despite the risks, drinking culture continues to be the norm in many organizations, and too often little to no thought or consideration is given to employees who don’t want to drink.
The HR teams that provide holistic and personalized benefits will give employees the flexible support they need at a time when many are frustrated and discouraged by RTO.
Most (92%) employees agreed that it was important to have choice in and control of the investments in their plans and more than eight out of 10 said that their DC plan offered “a good lineup of investment options," according to the Investment Company Institute.