- Empower Retirement Launches Custom Managed Account Service with Advisors
Introduces Advisor Managed Accounts with independent advisory firms
Empower Retirement today announced a new means of delivering customized advisory services to workers saving for retirement through close collaboration with the skills and expertise of financial advisors.
read more - Still Growing: More Than Half of IRAs With Owners Ages 60 and Older Had Growing Balances
Retirees are retaining more of their retirement income assets
More than half of the individual retirement accounts (IRAs) owned by those near or in retirement (ages 60 or older) saw balance increases over a three-year period, according to new research by the Employee Benefit Research Institute (EBRI).
read more - The New ‘Wow’ Employee Benefit
Innovative new program uses 401(k) employer matching dollars to pay student loan debt.
Student loan debt is having a tremendous impact on millennials’ lives. It is influencing where employees work, and how they live and spend their money. College graduates with student loans want help from employers tackling this issue.
read more - Stressed Workers Costing Employers Billions – Weekly
More than 70% of employees spend work time worrying about finances, jobs and health
Employees are bringing stress and worry into the office each day along with their laptop, coffee and ID, according to a Colonial Life study of 1,505 full-time U.S. employees. And it’s costing U.S. employers billions of dollars each week.
read more - Future of Employment-Based Health Benefits Unclear
Cadillac Tax, Meidcare-For-All and other legislative measures could alter the course for the benefits channel
A new study from the Employee Benefit Research Institute (EBRI) assesses how legislative proposals and regulatory actions could impact the future of the employment-based health benefits system. "What Does the Future Hold for the Employment-Based Health Benefits System?" examines the history of employment-based health benefits and the potential impact a variety of legislative proposals and…
read more - Self-Directed 401(k) Balances Down 6.3% On The Heels of A Volatile Q4
2018 Correction weighed on participant accounts
According to Charles Schwab’s SDBA Indicators ReportTM, the market correction that occurred during the fourth quarter of 2018 weighed on participant accounts, as the average SDBA balance fell to $246,153, a decline of 10.6 percent from 3Q 2018 and 6.3 percent year-over-year.
read more - Life Insurers Endorse Bold Solution To Close The Retirement Savings Gap
A bold strategy to prevent a 'Retirement Crisis'
The American Council of Life Insurers (ACLI) announced today that it will endorse a federal proposal requiring employers without retirement plans to provide workers with access to a payroll deduction for savings through an IRA, 401(k), or other qualified retirement savings plan.
read more - What Would You Do with More Time?
Workers Worldwide Provide Their Work-Life Wishlist
On Monday, National Napping Day and the day after Daylight Savings in the U.S., The Workforce Institute at Kronos Incorporated released part two of a global survey examining how employees across eight nations view their relationship with work and life, asking the simple question, “What would you do with more time?”
read more - Positive News for America’s Retirement Deficit
Retirement income shortfalls have shrunk since 2014, with younger workers leading the charge
EBRI’s newest study, Retirement Savings Shortfalls: Evidence from EBRI’s 2019 Retirement Security Projection Model®," projects that the retirement deficit for U.S. households with a head ages 35–64 decreased 13.7 percent, from $4.44 trillion (in current dollars) in 2014 to $3.83 trillion in 2019. The largest improvement was experienced by younger workers, with those ages 35–39…
read more - Culture of Equality Is Powerful Multiplier of Workplace Innovation
Disconnect between C-suite and employees on innovation
Forecast 2028: Empowering employees to innovate could raise global GDP US$8 trillion
A workplace culture of equality is a powerful multiplier of innovation and growth, according to new research from Accenture (NYSE:ACN). Published today in the company’s Getting to Equal 2019 report, the research found that in the U.S., employees’ innovation mindset — their willingness and ability to innovate — is nearly five times higher in companies with a…
read more - Americans Cite Healthcare Expenses as No. 1 Barrier to Early Retirement
Longer lifespans bring increased health issues, greater costs
When asked to name barriers to financial independence and early retirement, Americans are less concerned about uncertain market conditions (37 percent) or inflation (35 percent), than they are about healthcare costs (57 percent)...
read more - Health Insurance Industry Sustains Strong Earnings Momentum in 2018
ACA exchanges remain profitable
Earnings of U.S. health insurance companies improved significantly in 2018, driven by favorable medical cost trends, lower utilization and steady-to-declining pharmacy costs, as well as a lower tax rate and the positive impact of the elimination of the alternative minimum tax.
read more - Do Employees End Up With More Retirement Income Under Automatic Enrollment 401(k) Plans Than Final-Average Defined Benefit Plans?
In many cases... yes, according to a new study
he Employee Benefit Research Institute (EBRI), a private, nonpartisan, nonprofit research group, has released a new study examining the level of benefits that 401(k) plans with automatic enrollment provide compared to final-average defined benefit (DB) plans — with some potentially surprising results.
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