Tag: Enrollment participation

First-time health savings account usage also increased nicely.

Part of what makes universal retirement planning advice hard to apply is that consumption datasets are inherently noisy, and “savings is the flip side of consumption.”

There are several factors to consider when deciding whether and how to implement automatic enrollment before making it a done deal.

Would-be participants can now join their company’s retirement plan via the MyLifeNow application. 

Gen X’s second-biggest obstacle is saving for their children’s education.

For some clients there are major potential benefits in converting pre-tax retirement plan accounts to a Roth account. For others it’s a pretty bad idea and can lead...

Industry insiders are divided on whether this is a good idea.

About two-thirds surveyed believe they will need less than $1 million in today’s dollars in order to retire, or aren’t sure how much they will need.

Employees can set up payroll deductions to fund their “my Retirement Account.”

The majority of workers surveyed say such a program would be good for them, but a significant number still would not save or save enough.

But men’s average account balances are more than 50% larger.

Following tax reform in Denmark, employers changed their contributions to retirement accounts in step with employees’ savings changes.

Grads of 2015 need to brace for more working years than previous generations.

A Wells Fargo study finds those ages 55 to 59 have three times more saved, on average, than those in their 60s.

Aon Hewitt finds DC plan sponsors are beefing up plan features to improve participant outcomes.

Global retirement readiness rankings are inherently subjective and often controversial, but Mercer says the U.S. is clearly slipping compared with some other developed nations.  

It’s a trite-but-true piece of retirement planning advice: consciously consider your nonessential expenses and you’ll be surprised what you could save.

The company launched the “Let’s Go!” program corresponding with National Save for Retirement Week.