An annual study that assesses Americans’ level of financial literacy finds a strong connection between people's retirement fluency and how financially prepared they are for retirement.
For... Read More
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401(k) Education
BY Nevin E. Adams, JD | 4/16/2024
Of all the promising provisions in the SECURE 2.0 Act of 2022, one of the most expensive (as the federal government does math, anyway) is likely to be one of the most challenging to implement.
It’... Read More
BY John Sullivan | 2/11/2024
The need to begin teaching financial literacy and education at a young age is by now widely acknowledged. According to a recent Schwab survey, nearly two-thirds (63%) of U.S. adults chose financial... Read More
BY Ted Godbout | 2/1/2024
Voya Financial has kicked off 2024 with a new advertising campaign featuring identical twins who seamlessly “walk and talk in perfect harmony” to emphasize the importance of workplace benefits and... Read More
BY Ted Godbout | 11/9/2023
With many workers electing workplace benefits during open enrollment this month, a new survey finds that less than half will review or increase their retirement plan contributions, suggesting a... Read More
BY NAPA Net Staff | 10/20/2023
To accelerate the advancement of organized youth financial education in local communities, the Retirement Advisor Council (RAC) recently announced the launch of a new financial literacy initiative... Read More
BY Nevin E. Adams, JD | 10/10/2023
Social media routinely reminds me that I’m teetering on the brink of overlooking key remembrances—days in the year to honor sons, daughters, puppies, dogs, kittens, and…well, you name it. And we have... Read More
BY John Sullivan | 9/7/2023
Retirement plan advisors are getting increasingly creative in how they observe 401(k) Week, culminating in Friday’s National 401(k) Day.
Take Qualified Plan Advisors, the high-profile Kansas City-... Read More
BY John Iekel | 8/18/2023
Participants’ understanding of their retirement plans and individual prospects can be more well-rounded and complete if they are educated on risk literacy, argues an industry expert.
Risk... Read More
BY NAPA Net Staff | 3/8/2023
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
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
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