Plan sponsors significantly overestimate participant retirement readiness, at least according to Voya.
The firm found a gap between participant feelings versus plan sponsor perceptions when it... Read More
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Industry Trends and Research
BY Ted Godbout | 11/29/2023
Even though challenges remain, new research finds a hint of optimism going into the new year, when Americans were asked what steps they are likely to take in 2024 as to their overall savings and... Read More
BY John Sullivan | 11/27/2023
It’s all about the attitude—especially in retirement saving and investing.
Little surprise that certain financial behaviors help close gaps between retirement savers’ intentions and their reality... Read More
BY Ted Godbout | 11/20/2023
While contribution levels have remained consistent, a troubling trend is that many individuals increasingly have been tapping their retirement savings through hardship withdrawals or loans.
This... Read More
BY John Sullivan | 11/20/2023
“Money can’t buy happiness;” it’s a truism as old as time and one Millennials and Gen Z are rejecting (like everything else).
“Can money buy happiness?” Empower recently—and rhetorically—asked. “... Read More
BY Hattie Greenan | 11/16/2023
NAPA sister organization Plan Sponsor Council of America (PSCA) is out with its latest survey of 401(k) plans. It finds that after record contribution rates from participants and employers in 2021,... Read More
BY John Sullivan | 11/14/2023
Quiet quitting and the Great Resignation are still a thing, catapulting the failure to attract or retain top talent to the No. 4 position in a new Aon survey of the most pressing business... Read More
BY Ted Godbout | 11/10/2023
The Plan Sponsor Council of America’s (PSCA) 5th annual Health Savings Account (HSA) Survey of more than 500 employers indicates that more employers are framing HSAs as part of a holistic retirement... Read More
BY Ted Godbout | 11/8/2023
Despite being better educated and enjoying improved career opportunities, women still lag behind men when it comes to saving and planning for retirement, according to a new study that examines the... Read More
BY Ted Godbout | 11/6/2023
While employees expect their defined contribution (DC) plan to be a key vehicle for funding their retirement, most are worried their retirement savings will not be enough to cover their expenses,... Read More
BY Ted Godbout | 11/1/2023
The SECURE 2.0 Act marked a significant step towards enabling more small business owners to offer retirement savings plans, yet 65% still don’t offer one to their employees.
How can... Read More
BY Ted Godbout | 10/30/2023
That apparently is the sentiment for nearly half of investors who participated in the Nationwide Retirement Institute’s 9th annual Advisor Authority survey.
In fact, regardless of political... Read More
BY Ted Godbout | 10/26/2023
Morningstar’s 7th annual landscape study on health savings accounts (HSAs) available to individuals shows continued industry improvement, even though persistent issues with transparency and fees... Read More
BY Nevin E. Adams, JD | 10/24/2023
A recent analysis of world pension systems gave America a passing grade, but not a good one.
The latest—the Mercer CFA Institute Global Pension Index[i]—gave the United States a C+ (though a B in... Read More
BY Ted Godbout | 10/23/2023
As health care costs in the United States continue to rise and inflation remains stubborn, many Americans apparently are losing confidence in their ability to afford their health... Read More
BY Ted Godbout | 10/22/2023
Benefits decision makers have cited high costs of living as the top issue to address through financial wellness initiatives, superseding retirement preparedness for the first time ever, according to... Read More
BY John Sullivan | 10/17/2023
Inflation fears are (understandably) leading to behavioral change, especially with retirement saving and investing.
Following a second straight year of above-average inflation, and after last year... Read More
BY John Sullivan | 10/16/2023
Americans' dismal savings rate is a perennially talked about topic, yet COVID pushed emergency savings to the fore, illustrating just how unprepared most workers are for a major (or even modest)... Read More
BY Ted Godbout | 10/12/2023
The nation’s youngest members of the workforce have ambitious goals to retire at an early age, though they also believe they are facing more obstacles to do so than those before them.
In fact,... Read More
BY Ted Godbout | 10/11/2023
In what was likely pent-up demand being released, RIA merger and acquisition (M&A) deal volume surged in the third quarter, rising to its highest point in over a year, according to ECHELON... Read More
BY Ted Godbout | 10/10/2023
Women apparently are tapping into their “financial superpowers” and are making smart money moves to gain ground in several financial areas, although there’s still more work to be done to help them... Read More
BY John Sullivan | 10/9/2023
Where are we as an industry in providing one-on-one financial planning as an employee benefit? Is there any significant movement on that front?
“There’s more acceptance and recognition... Read More
BY Ted Godbout | 10/9/2023
As economic challenges worry workers, day-to-day finances are starting to cause more stress than longer-term financial priorities, like retirement, a new survey finds.
Results from the 2023... Read More
BY Nevin E. Adams, JD | 10/3/2023
There’s an oft-repeated line from that 1967 classic movie “Cool Hand Luke” about a “failure to communicate.”
Now, most of us aren’t trying to convey the consequences of violating prison... Read More
BY Ted Godbout | 10/3/2023
Today’s workers’ expectation of when and how they will retire is a radical departure from how retirees actually retired.
That’s according to Transamerica Center for Retirement Studies’ (TCRS)... Read More
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