Default deferral rates in 401(k) plans with automatic enrollment led to higher participant retention, according to a study of New York Life Retirement Services’ clients.
Nearly half of all employers (47.2%) have conducted an analysis to determine how health care reform legislation will impact their health care plan costs.
LGBT (lesbian, gay, bisexual and transgender) non-retirees reported confidence in retirement savings as well as a need for specialized advice, a survey found.
Designing an employee benefits package to attract and retain people who drive profits makes sense, according to Bob Westbrook, financial planner at Strategic Wealth Associates.
As concern over benefits costs rises, companies also worry about their employees’ ability to save adequately within defined contribution (DC) plans, a Prudential survey found.
More than half of Baby Boomers and Generation Xers are projected to have adequate retirement income to cover basic expenses and uninsured health care costs.
A significant number of employers that still offer defined benefit (DB) pension plans say they remain committed to providing those benefits to new salaried employees.