While average account balances decreased by 20% in 2022, participant behavior in retirement plans mostly remained positive, as most continued to maintain a long-term view on their retirement savings goals.   Why? Continued adoption of automatic enrollment over the last two decades and the use of... READ MORE

Newly released data from year-end 2022 shows that the volume and dollar amount of 401(k) loans and hardship withdrawals decreased, but there were some nuances to the findings.  In a new quarterly report that draws on data from more than 3 million 401(k) plan participants, Bank of America’s 401(k)... READ MORE

Enactment of the SECURE 2.0 Act, ongoing industry innovations, and the aim to provide greater personalization are among the many opportunities that plan sponsors have to align DC plan features, practices and investments with participant needs. Indeed, the need for greater personalization of the... READ MORE

A new risk alert from the Securities and Exchange Commission (SEC) warns that some firms are still not meeting their obligations under Regulation Best Interest (Reg BI) and encourages broker-dealers (BDs) to review their practices and procedures to address the issues raised. The SEC’s Division of... READ MORE

In the face of prolonged economic uncertainty and volatility, many investors are rethinking what life after retirement may look like and are adjusting their priorities accordingly. According to Nationwide Retirement Institute’s eighth annual Advisor Authority, nearly 7 in 10 (69%) non-retired... READ MORE

Asked about their views on defined contribution plans, an overwhelming majority of respondents in a new survey say they value the investment opportunity 401(k) plans provide and are opposed to changing the tax preferences or investment control in those accounts. In fact, nearly 9 in 10 individuals... READ MORE

A new report reveals that individual retirement account (IRA) assets reached nearly $14 trillion in 2021, thanks in large part to rollovers from defined contribution (DC) plans. According to The Cerulli Report—U.S. Retirement Markets 2022: The Role of Workplace Retirement Plans in the War for... READ MORE

While the long-term economic impact of the pandemic remains unclear, one thing that is clear is the highest inflation in decades has forced many Americans to reevaluate their retirement saving habits. This is according to a new survey from U.S. News & World Report’s 360 Reviews revealing that... READ MORE

With the markets taking a beating throughout much of 2022, 401(k) investors apparently sought the safety of fixed income through their trading activity, yet equities were still very much in demand, according to the Alight Solutions 401(k) Index. The firm’s 2022 observations show that 184 out of... READ MORE