Fidelity Sees Quarter-on-Quarter Decline in Retirement Balances
The third quarter also saw increases in withdrawals and loans as participants managed expenses amid inflation and higher borrowing costs.
Tag: 401(k) loan
Securian Waives COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services to employers.
Ways to Combat Leakage
The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part or all of their retirement savings when switching...
Trendspotting
Addressing Participant Concerns
If a sponsor does not respond, it could risk a civil and/or DOL lawsuit.