One of my favorite parts of the NAPA 401(k) Summit is a comprehensive annual survey we do of advisors in attendance at the Summit I call the Summit Insider.
It’s a unique opportunity to get the... Read More
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Industry Trends and Research
BY Ted Godbout | 8/22/2023
Even though inflation is subsiding according to the latest government data, the average costs that U.S. employers pay for their employees’ health care is expected to surge next year.
According to... Read More
BY John Sullivan | 8/21/2023
Compounding the problem of low financial literacy is “low longevity literacy,” or a lack of understanding of how long people tend to live in retirement.
According to new research from the TIAA... Read More
BY Ted Godbout | 8/17/2023
Born from 1997 to 2012, Generation Zers have often been called the most ethnically diverse generation who have grown up entirely with modern technology. But as they begin to enter the workforce, what... Read More
BY John Sullivan | 8/17/2023
A positive stock market and steady contributions meant retirement account balances once again rose in the second quarter of this year.
Fidelity Investments’ quarterly analysis of the savings... Read More
BY Nevin E. Adams, JD | 8/17/2023
The third-party administrator, or TPA (bear in mind that a recordkeeper is also a TPA) can be a key advisor ally—or, if expectations aren’t aligned—the bane of a customer relationship. What’s most... Read More
BY Ted Godbout | 8/16/2023
The never-ending battle to attract and retain key executives and high-level talent has U.S. employers looking to make enhancements to their nonqualified retirement plans, a new survey finds.
The... Read More
BY Nevin E. Adams, JD | 8/15/2023
An update of a so-called “study” has been making the rounds—again—and its authors have doubled-down (and then some) on the assumptions in an updated version.
I’m referring to something called “The... Read More
BY John Iekel | 8/15/2023
Many members of the Baby Boom generation have retired, and many of those who remain in the workforce are not far off from following suit. But many of those individuals are less financially prepared... Read More
BY John Sullivan | 8/14/2023
New information about the state of 401(k) saving (and savers) resulted in good and bad news from one of the nation’s largest recordkeepers.
Good news—average 401(k) balances are up almost 10% for... Read More
BY Ted Godbout | 8/14/2023
A newly released survey of plan sponsors reveals that many continue to broaden efforts to help participants achieve retirement security across employee financial wellness, plan design, and... Read More
BY Ted Godbout | 8/11/2023
The findings of a recent survey reveal a growing disparity between U.S. employers and their employees on the subject of financial health and well-being.
While both employers’ and employees’ top... Read More
BY Ted Godbout | 8/10/2023
Based on the latest consumer price data released Aug. 10, The Senior Citizens League (TSCL) estimates that the Social Security cost of living adjustment (COLA) for 2024 is looking increasingly like... Read More
BY Ted Godbout | 8/9/2023
To attract and retain talent in a tight labor market while helping employees address sky-rocketing costs, a new study finds that U.S. employers are pursuing innovative new ways to improve their... Read More
BY Ted Godbout | 8/8/2023
There’s some good news and bad news in Bank of America’s newly released Q2 2023 Participant Pulse report.
First, the good news; average 401(k) balances increased by $7,250 or 9.6% since the end of... Read More
BY Nevin E. Adams, JD | 8/7/2023
Defined contribution wholesalers—or as our annual accolade acknowledging the best of this “breed” calls them, “Advisor Allies”—have long been a vital support partner for the nation’s retirement plan... Read More
BY John Iekel | 8/7/2023
Health issues can arise at any time. And during retirement, many may turn to their 401(k) for the funds to address them—but health savings accounts (HSAs) are another option, and a July 27 webinar... Read More
BY Ted Godbout | 8/7/2023
After having been paused at the start of the COVID pandemic, federal student loan repayments are set to resume later this year, forcing many to consider cutting back on spending and saving for... Read More
BY Ted Godbout | 8/4/2023
With a labor shortage that’s expected to last through 2026 intertwined with a growing gig economy, employers may need to rethink their strategies and focus on creating a work environment that values... Read More
BY Ted Godbout | 8/2/2023
The differences between low-income and high-income older workers’ retirement accounts were greater in 2019 than in 2007, according to a new analysis by the Government Accountability Office (GAO).... Read More
BY Ted Godbout | 8/2/2023
If it wasn’t already a known commodity to industry stakeholders and workers saving for retirement, a new study confirms that the 401(k) is becoming a non-negotiable benefit for job seekers.... Read More
BY Ted Godbout | 7/31/2023
Managed account assets are expected to grow to nearly $16 trillion by 2026, exceeding 13% annual growth over the next four years, but a new report suggests that, as sponsors balance growth in fee-... Read More
BY Nevin E. Adams, JD | 7/31/2023
Regardless of plan sponsor sentiment, there’s also a pretty consistent understanding that advisors will wind up playing an essential role in overcoming the traditional objections to these solutions... Read More
BY Ted Godbout | 7/24/2023
Americans say that financial advisors are the most trusted source of financial advice and those who work with one are much more confident, yet a surprisingly few do so, new survey data shows.... Read More
BY Ted Godbout | 7/21/2023
Despite 2022 being a challenging year, the registered investment advisor (RIA) industry continues to be strong, with organic growth and client retention helping to lead the way, according to Schwab... Read More
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