Target Date Funds (TDFs) with annuities combine growth with guaranteed income, offering financial security for retirees. While challenges like portability and fees exist, this new approach is gaining traction among major retirement plan providers.
August 20, 2024
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Despite widespread availability, financial wellness programs are underutilized by employees. Discover strategies plan sponsors can use to close this engagement gap by tailoring resources, addressing immediate financial needs, and boosting awareness through targeted communication and incentives.
August 14, 2024
Find out more Reaching a 15% savings rate is key to retirement readiness, but timing is crucial. Learn how auto-enrollment, auto-escalation, and strategic plan design can help participants accelerate their savings and achieve their retirement goals more efficiently.
August 7, 2024
Find out more A troubling trend has emerged in the retirement planning space: The “magic number” — or amount of money Americans believe they need to retire comfortably — has surged to an all-time high, even as actual retirement savings have declined. This growing disparity or “magic number gap,” highlights a significant and escalating challenge for both participants and plan sponsors.
July 17, 2024
Find out more Beneficiary designations are a critical yet often neglected aspect of retirement plans. Many participants mistakenly believe that their retirement plan assets will be distributed according to their will or trust. However, retirement accounts are governed by their own rules, meaning the named beneficiary on the account will typically inherit the funds, regardless of other estate planning documents.
July 2, 2024
Find out more Millennials are reshaping retirement, prioritizing financial freedom over age. Discover their varied retirement plans and challenges like money dysmorphia and debt management.
May 14, 2024
Find out more Unveil the clash between booming markets and personal financial struggles in America. Learn why educating employees on debt management is vital in today's economic climate.
May 7, 2024
Find out more Discover the startling drop in U.S. employee engagement, draining trillions in productivity. Learn how optimizing the retirement plan can revitalize morale and loyalty, with customizable options and trust-building measures. Find out how fostering dialogue and empowering choice can steer towards a more engaged workforce and organizational prosperity.
May 1, 2024
Find out more Target date funds (TDFs) have surged in popularity, reaching record assets of $3.5 trillion in 2023, with mutual funds slightly ahead of collective investment trusts. While TDFs offer advantages like simplified investing and automatic rebalancing, participants should understand potential pitfalls like mixing funds and changing risk preferences to maximize their benefits and avoid common missteps.
April 18, 2024
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