Address market challenges, embrace innovation and take the lead in improving retirement policy, said Robert L. Reynolds, president and chief executive of Putnam Investments.
Beyond the general education about how to much to save and how to invest, retirement plan participants have issues at different life stages that need to be addressed.
Two-thirds of defined contribution (DC) plan providers have launched mobile initiatives focused on plan participants, with more companies planning them, LIMRA found.
Investors using both a workplace savings plan and an individual retirement account (IRA) show a combined average balance of $225,600 as of December 31.
Advisers are discovering that demonstrating better retirement plan outcomes through plan design is the ticket to differentiating themselves in a competitive industry.
Witnesses testifying before a senate committee shared the initiatives that are working and need to continue or grow to help workers save for retirement.
Employers are increasingly using 401(k) plan design strategies to simplify plan participant decision-making around enrollment, contributions and investing, a survey found.
Millennials are motivated to save for retirement and would plan ahead if they knew more about their employer retirement benefit options, a study found.