Browsing Tag
401(k) Financial Wellness
853 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.
Financial Confidence Remains Low Despite Smaller Recession Fears
While four in 10 say the U.S. is in a financial crisis, just 36% believe their finances could endure a recession, finds Nationwide
Inflation Causing Participants to Struggle with Finances, Mental Health
Nearly 4 in 10 in John Hancock Retirement financial stress survey think they’ll have to retire later than planned—a significant rise from a year ago
Plan Participants Want ESG Investments: Natixis
Close to three quarters of survey respondents said they would engage with their workplace retirement plan if their employer offered investments in companies with good ESG practices
Employers Can Lessen Workforce Stress and Strains: Mercer
While close to half of the global workforce reports feeling stressed, almost 70% believe their employer would support them when needed, finds Mercer
Americans Are Increasingly Worried Over Healthcare Costs
As more U.S. workers list healthcare costs as a top concern, Fidelity finds a higher number of workers with HDHPs are opening HSAs
Gig Workers Rely on Personal Savings to Fund Retirement
77% of the gig workers surveyed said they would fund retirement income with their personal savings
Financial Wellness Firms FinFit, Salary Finance Combine Under FinFit Brand
Merger creates what companies call the country’s most comprehensive workplace financial wellness platform
2023 NAPA 401(k) Summit: ‘Ready’ Eddies: Are You Ready for the Next Big Thing?
Kicking off the annual NAPA 401(k) Summit, the session touched on the most common themes in the retirement space
Working with an Advisor Boosts Confidence for Women
Women who seek advice from a professional are also likelier to complete retirement planning activities
Legislation, Regulation, Litigation Driving Change in 401(k) Plans: Callan
Just-released Callan 2023 Defined Contribution Trends Survey paints detailed picture of challenges and opportunities facing DC plan sponsors