Whether it’s increased tax credits to encourage small businesses to create retirement plans or changes to help with addressing emergency savings and student loan debt, the SECURE 2.0 Act offers... Read More
Advertisement
401(k) Education
BY Nevin E. Adams, JD | 2/14/2023
Today is Valentine's Day—and, as usual, there’s been the typical seasonal promotions for flowers, candy, and even pajamas.
I’ve been pretty good over the years remembering those type events—... Read More
BY Julie Jason, JD, LLM | 10/18/2022
What would you say if someone you cared about asked whether they should participate in their 401(k)?
Would you reply, “Up to you” and go on your way, or would you respond “YES!” and take the time... Read More
BY Nevin E. Adams, JD | 9/6/2022
What’s the most important number when it comes to retirement?
Once upon a time it might have been considered to be “65”—that traditional age for retirement—but even though it’s the default in many... Read More
BY NAPA Net Staff | 8/11/2022
The Plan Sponsor Council of America (PSCA) has released a new campaign to help American workers better understand their retirement plan and retirement readiness by “Knowing Your Numbers.” ... Read More
BY Hattie Greenan | 7/20/2022
The discussion of companies as “paternalistic” has been broached, in the context of challenging the notion that, to some extent, companies are or should be paternalistic.
For example, in a... Read More
BY Ted Godbout | 3/23/2022
Last year, more workers took advantage of the convenience of virtual and on-demand 401(k) educational sessions, and it appears this trend will continue even as workplaces move back to in-person work... Read More
BY Ted Godbout | 10/29/2021
New research finds that in a year of widespread isolation due to the pandemic, remote and virtual meetings resulted in connecting with more plan participants because of greater flexibility and... Read More
BY Nevin E. Adams, JD | 8/31/2021
This past week the Government Accountability Office released a report on how (little) participants understand fees—but will their solutions help—or hurt—that condition?
Despite the fact that... Read More
BY Ted Godbout | 8/23/2021
While providing communications on retirement readiness can significantly improve participant engagement, the use of fear as a behavioral tool may be a better way to rouse unengaged participants.... Read More
BY Ted Godbout | 8/18/2021
Last year, the Department of Labor established an e-delivery rule allowing plan sponsors to communicate retirement plan information electronically. But is there more that can be done to get... Read More
BY Nevin E. Adams, JD | 8/17/2021
I was recently taken to task for last week’s column about retirement savings regrets.
More precisely, my column about the regrets expressed in a recent American Century survey drew the... Read More
BY Ted Godbout | 4/2/2021
The popularity of virtual and self-service 401(k) educational sessions has grown since the start of the pandemic, but apparently that trend was accelerating even before then.
According to new data... Read More
BY John Iekel | 11/9/2018
At a recent event in Washington, SEC Commissioner Kara Stein provided her take on retirement readiness in the United States and what she thinks can be done to improve it.In a conversation with the... Read More
BY John Iekel | 3/5/2018
Poor savings rates, high debt levels, the frequent incidence of living paycheck to paycheck — all are among the ingredients in the recipe for financial stress. Financial education can be an antidote... Read More
BY NAPA Net Staff | 7/20/2016
Workers who listed their employers as their first or second source of retirement education have more money saved for retirement than those who listed parents or family members as their top source,... Read More
BY NAPA Net Staff | 6/27/2016
Could financial literacy be blocking behavioral change? That counterintuitive question is posed by financial industry research guru Warren Cormier in his latest column in NAPA Net the Magazine.Over... Read More
BY Fred Barstein | 5/2/2016
[Part 1 of this two-part column is here.]Building on what we know about what doesn’t work with financial literacy education and how adults learn (see Part 1), let’s use our imaginations to envision... Read More
BY Fred Barstein | 4/27/2016
Almost before it has even taken off, financial wellness seems overdone, at risk of becoming an overused buzzword. But in reality, we have just started and we need to get back to basics with some... Read More
BY NAPA Net Staff | 3/14/2016
Retirement providers spend approximately one-third of their total costs on participant communication-related activities — and in recent months, a third of a shrinking budget due to significant fee... Read More
BY Fred Barstein | 5/13/2015
Successful DC plan advisors know that consulting is more effective than selling, and that it’s education, not your sales presentation, that wins business.Successful advisors use education and... Read More
BY Nevin E. Adams, JD | 1/20/2015
So, how does it feel to be compared to a termite?That’s right, a powerful coalition of retirement, union, and so-called consumer protection groups has launched a new attack on retirement plan... Read More
BY Nevin E. Adams, JD | 1/13/2015
Our industry spends a lot of time and money educating workers about the advantages and mechanics of saving for retirement. But here are six things I think too often go unsaid. Your 401(k) isn’t... Read More
BY Fred Barstein | 11/18/2014
A new study by State Street’s Center for Applied Research coins a new term, the “Folklore of Finance,” which tries to explain why most investors don’t achieve their long-term... Read More
Recent Comments