Beginning with the so-called Great Resignation, and fast-forward to today, employers are experiencing a challenging, tight labor market — requiring employers to put a greater emphasis on creative... Read More
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Industry Trends and Research
BY Ted Godbout | 3/3/2023
After many years of saving in a defined contribution (DC) plan, what does a retirement-age participant typically do with the money they’ve accumulated? New research by Vanguard breaks it down.
As... Read More
BY Ted Godbout | 2/23/2023
There’s good news and bad news in Fidelity Investments’ year-end 2022 analysis of savings behaviors and account balances.
First the bad news. Fidelity’s analysis shows that average account... Read More
BY Ted Godbout | 2/22/2023
American households that adopt some or all of five key financial wellness behaviors are more likely to be saving more and better positioned for building wealth, but “retirement savings” is one of the... Read More
BY Ted Godbout | 2/22/2023
Total costs for 401(k) plans, once again, declined for both small and large retirement plans, with investment fees leading the decline—though smaller plans are still paying slightly more. ... Read More
BY NAPA Net Staff | 2/21/2023
Health Savings Account (HSA) adoption rebounded in 2022—but few view it as a retirement account.
Enrollment in health savings account (HSA)-eligible health plans and health reimbursement... Read More
BY Ted Godbout | 2/16/2023
While the Inflation Reduction Act of 2022 attempts to help stem the tide from escalating retiree health care costs, new estimates show that the typical retired couple can still expect to pay far... Read More
BY Ted Godbout | 2/14/2023
More registered investment advisors (RIAs) reportedly are exploring adding a custodian in the next year, but there may be challenges, as only a few currently dominate the market.
In fact, one in... Read More
BY Ted Godbout | 2/9/2023
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... Read More
BY John Sullivan | 2/9/2023
Not wanting to appear overly negative and emphasizing she would focus on solutions, Apryl Pope, co-founder of Cincinnati-based Retirement Plan Partners, delivered stark statistics about the... Read More
BY Ted Godbout | 2/8/2023
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... Read More
BY John Sullivan | 2/6/2023
Worry over retirement is seeing an uptick, with 52% of respondents to a new survey indicating concern about saving enough for retirement compared with 45% in June. Similarly, 50% fear running out of... Read More
BY Ted Godbout | 2/6/2023
So says a new report from Cerulli suggesting that, as fee-based financial advice combined with financial planning becomes the industry standard, financial advisors must find new ways to differentiate... Read More
BY Nevin E. Adams, JD | 2/3/2023
Some say that “when you assume…” but the reality is that retirement planning is full of assumptions. While every individual situation is unique, this week, we asked readers which one(s) they... Read More
BY John Sullivan | 2/2/2023
Inflation and higher prices overall are causing more Americans to take 401(k) hardship withdrawals.
The Wall Street Journal, citing Vanguard research, reported that a record 2.8% of the... Read More
BY Ted Godbout | 1/31/2023
Faced with rising inflation and economic uncertainty, many Americans have renewed fears that they are unprepared to manage their short- and long-term healthcare finances, and believe their employer... Read More
BY John Sullivan | 1/31/2023
Financial literacy, financial wellness, and now …longevity literacy.
It’s the latest phrase in the fight to raise awareness of—and preparation for—later-in-life issues, financial, medical, and... Read More
BY Nevin E. Adams, JD | 1/30/2023
Some say that “when you assume…” but the reality is that retirement planning is full of assumptions. While every individual situation is unique, this week, we’d like to know which one(s) you... Read More
BY John Sullivan | 1/30/2023
Despite a rebound in out-of-pocket health care spending in 2021, health savings account (HSA) balances increased on average over the course of the year, the Employee Benefit Research Institute (EBRI... Read More
BY Ted Godbout | 1/30/2023
New state mandates, tax incentives and other factors are leading many plan advisors to anticipate significant practice growth in the small plan 401(k) market in the coming year.
Results from... Read More
BY Nevin E. Adams, JD | 1/27/2023
There are a lot of optional plan design enhancements to be found in the new SECURE 2.0 Act of 2022—but there’s one mandatory feature that could have effects both positive—and negative. This week we... Read More
BY Ted Godbout | 1/26/2023
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... Read More
BY Ted Godbout | 1/24/2023
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... Read More
BY Ted Godbout | 1/23/2023
New research finds that satisfaction with equity compensation increased in the past year and continues to be a critical tool to attract and retain talent, yet many participants still don’t understand... Read More
BY Ted Godbout | 1/20/2023
When asked how long people typically live in retirement, more than half of adult Americans were unable to answer the question correctly—a crucial knowledge gap that could interfere with saving enough... Read More
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