Browsing Tag
401(k) Financial Wellness
855 posts
401(k) financial wellness, in the context of a 401(k), means having the confidence and security of knowing your finances are in good shape and you’re on track for your long-term financial goals, including retirement. This involves managing your money well, being prepared for unexpected expenses, and having a plan for the future.
A Third of Investors Prefer Financial Advice from ChatGPT
A Nationwide Retirement Institute survey finds a higher rate of investors expect to get their financial advice from artificial technology than a human advisor within the next five years
Retirement Savings See Slight Boost in 2023
The latest Bank of America 401(k) Participant Pulse report found average retirement savings rates increased in Q1
HSA Bank Introduces Tuition Reimbursement Solution
Employers can determine which funds are eligible for reimbursement and annual reimbursement limits with the employer-funded tax savings program, says HSA Bank
Just 28% of Micro Businesses Offer a Retirement Plan
A Capital Group report finds that small businesses were likely to cite cost as a critical factor for avoiding retirement plans
Americans Say They Won’t Have Enough Savings for Retirement
A recent Prudential survey found 70% of Americans plan to retire but aren't confident if they will actually be able to
Employees Turn to Plan Sponsors Amid Inflation Impacts
Over half of employees say their employer has not offered financial wellness benefits or compensation following higher costs due to inflation, finds FinFit
Plan Sponsors Are More Involved with Retirement Planning in 2023
A new survey by PGIM shows seven in 10 plan sponsors believe they are taking action in solving the retirement income challenge
Advisor Q&A: Exploring America’s Financial Literacy Challenges
The Retirement Advisor Council is asking members about issues and opportunities posed by America’s continued struggle with financial literacy
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
Black and Latino Employees Experience Lower Levels of Financial Confidence: Voya
The new survey by Voya examines financial confidence among Black, Latino, Asian and white employees