Data shows most plan participants want to avoid taking money out of their retirement accounts.
Employers can better understand workers’ needs by studying their past experiences and personal backgrounds.
For many Americans, the current pandemic has caused a current state of financial instability and insecurity.
Research shows that those who receive financial advice are more likely to stay on track with their long-term investing strategies.
While many workers remain unclear on the financial benefits an HSA can provide, there is a clear opportunity for employers to offer more essential education.
Employers are adapting plans and communications strategies in response to the pandemic.
The survey’s findings suggest that large employers are committed to adjusting their retirement plans in response to the pandemic.
Like many other aspects of our lives, employees’ confidence in their retirement plans has undergone rapid change due to the COVID-19 pandemic.
By offering a way to reset a retirement plan to the default investment options, plan fiduciaries can help guide self-directed investors back to age-appropriate investment allocations.