Browsing Tag
Employee Benefit Research Institute (EBRI)
115 posts
NAGDCA Highlights Public Sector DC Plans in Latest Retirement Research
The report was created to address a “significant lack of attention” and understanding of public sector DC plans and to help public sector employees adequately save for retirement
Student Loan Payments Negatively Impact 401(k) Contribution Rates, Account Balances
Joint EBRI-J.P. Morgan Asset Management report finds making student loan payments lowered both the average employee contribution rate and account balance
Health Care Costs in Retirement for Medicare Beneficiaries Rises Again
EBRI report shows “average” couple would need $351,000 saved to have a 90% chance of covering health care expenses
Caregivers Look to Employers for Financial Wellbeing
The report by EBRI advises employers to consider how caregivers engage with their financial wellness offerings
Companies Cite Rising Costs of Living for Providing Financial Wellness Benefits
Instead of offering the benefits for retirement planning needs, more employers say their workers need the features due to high costs of living
Spending Spikes Linked to 401(k) Plan Withdrawals
A report by EBRI and J.P. Morgan Asset Management links 401(k) plan data with consumer banking data to understand how participants react to irregular spending
401(k) Loan Activity Among Younger Workers Rises with Age
The study by EBRI and ICI found that 29% of younger 401(k) participants had an outstanding loan at some point in the five years analyzed, compared with 18% at year-end 2016
A Quarter of Caregivers Own Less than $1,000 in Savings
Additionally, caregivers were likelier to list debt as a financial issue, finds EBRI
As Time Passes, the Gains Become Harder
Tom Hawkins observes that the nearly 45-year-old defined contribution system may face diminishing returns as it tries to generate future growth, and offers a smart "workout plan" to help increase retirement security
Workers and Retirees Report First Dip in Retirement Confidence Since 2008 Recession: EBRI
Confidence in retirement savings fell from 73% in 2022 to 64% in 2023 among workers, and from 77% to 73% among retirees