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Publisher: No Publisher
Author: No AuthorUsing Fresh Start to Nudge Increased Retirement Savings
Boost 401(k) Savings with a "Fresh Start." New research shows that employees are more likely to increase contributions when the start date is framed as a “fresh start date” (e.g., the employee’s birthday, the first day of summer). #Research...Boost 401(k) Savings with a "Fresh Start." New research shows that employees are more likely to increase contributions when the start date is framed as a “fresh start date” (e.g., the employee’s birthday, the first day of summer). #Research...Tags: participant behavior, deferral rates
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Publisher: |Belfint Lyons Shuman
Author: No AuthorSECURE Act 2022 EPCRS Update | Enhanced Correction Options
Learn more about several of the EPCRS changes made by the SECURE Act 2.0 including expanded correction options - Delaware CPA.Learn more about several of the EPCRS changes made by the SECURE Act 2.0 including expanded correction options - Delaware CPA.Tags: secure 2.0, 2023, self corrections, errors
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezHigher Rates of Retirees Head Back to Work
More Baby Boomer and Generation X workers are open to working post-retirement—but the reasons aren’t purely financial, finds Empower.More Baby Boomer and Generation X workers are open to working post-retirement—but the reasons aren’t purely financial, finds Empower.Tags: additional benefit, delayed retirement, phased retirement, beyond retirement
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Publisher: 401(k) Specialist
Author: Brian Anderson, Editor-in-ChiefExploring the Very Real Workplace Financial Wellness Gender Gap
New study from HerMoney and Principal explores the very real workplace financial wellness gender gap, perceptions about investingNew study from HerMoney and Principal explores the very real workplace financial wellness gender gap, perceptions about investingTags: financial wellness, financial stress, diversity, inclusion, women
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezNow Is the Time for Emergency Savings
Emergency savings are pretty handy! Here's why employers are best equipped to incorporate emergency savings into their benefits package now.Emergency savings are pretty handy! Here's why employers are best equipped to incorporate emergency savings into their benefits package now.Tags: financial wellness, emergency savings, secure 2.0, total benefits, employee benefit
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Publisher: 401(k) Specialist
Author: Thomas HawkinsWhy the Future is Now Brighter for Small-Balance Retirement Accounts
These two key developments could dramatically improve the outlook for retirement accounts with small balances.These two key developments could dramatically improve the outlook for retirement accounts with small balances.Tags: participant behavior, missing participants
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Publisher: 401(k) Specialist
Author: Brian Anderson, Editor-in-Chief401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln...Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln...Tags: financial wellness, hardship, loans, employee benefit
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezAutomatic Enrollment Adoption Grew to 85% in 2022: T. Rowe Price
Want to help your employees save more for retirement? Consider adding automatic enrollment.Want to help your employees save more for retirement? Consider adding automatic enrollment.Tags: automatic features
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Publisher: 401(k) Specialist
Author: Jack TowarnickyMaximize Outcomes, Not Incomes ('Die with Zero')
Pre-retirement best practices for people that want to retire in the next 20 yearsPre-retirement best practices for people that want to retire in the next 20 yearsTags: retirement savings, participant outcomes, planning, best practices, retirement income
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Publisher: 401(k) Specialist
Author: Brian Anderson, Editor-in-ChiefSocial Security Trust Fund Projected to be Depleted in a Decade
In the news again, Social Security is expected to go bankrupt. Another reason why employers should review 401(k) participation, contribution and deferral rates.In the news again, Social Security is expected to go bankrupt. Another reason why employers should review 401(k) participation, contribution and deferral rates.Tags: financial wellness, retirement income, retirement, social security, deferral rates
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Publisher: 401(k) Specialist
Author: Brian Anderson, Editor-in-ChiefThis Gen Z Trait Will Disrupt Retirement Industry Most by 2030
Gen Z is shaking up the retirement plan industry because of their growing demand for personalized investment advice.Gen Z is shaking up the retirement plan industry because of their growing demand for personalized investment advice.Tags: participant education, participant behavior, participant communication, gen-z, advice
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezWhat the SVB Collapse Teaches Us About Retirement Planning
3 lessons the SVB collapse can teach us about managing a retirement plan. It examines the importance of diversifying investments, the need for proper due diligence when selecting a retirement plan provider, and the necessity of staying informed of r...3 lessons the SVB collapse can teach us about managing a retirement plan. It examines the importance of diversifying investments, the need for proper due diligence when selecting a retirement plan provider, and the necessity of staying informed of r...Tags: market commentary, svb
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Publisher: 401(k) Specialist
Author: Thomas HawkinsDialing Up the Intensity of Missing Participant Searches - 401(k) Specialist
The “Swiss Army Knife” of missing participant searches can help plan sponsors fulfill their fiduciary duty to ensure that plan participants receive the retirement benefits that they’re owed.The “Swiss Army Knife” of missing participant searches can help plan sponsors fulfill their fiduciary duty to ensure that plan participants receive the retirement benefits that they’re owed.Tags: plan administration, missing participants
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezParticipants Admit Auto-Enrollment Kickstarts the Retirement Savings Journey - 401(k) Specialist
New research shows that 8 in 10 participants say automatic features helped them start saving sooner. #savings #401kNew research shows that 8 in 10 participants say automatic features helped them start saving sooner. #savings #401kTags: participant behavior, automatic features
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Publisher: 401(k) Specialist
Author: Brian AndersonDespite Volatility, Average 401k Contribution Rates Remain Stable - 401(k) Specialist
Stay the course. #Research study shows even inspiteof volatility, deferral rates remained steady at 8.4%Stay the course. #Research study shows even inspiteof volatility, deferral rates remained steady at 8.4%Tags: inflation, participant behavior, 2022
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Publisher: 401(k) Specialist
Author: Deb BoydenPursue Better Participant Outcomes Through Diversification, Education - 401(k) Specialist
Experts suggest that a meaningful mix of investment choices may improve portfolio diversification and give investors the confidence to stay the course.Experts suggest that a meaningful mix of investment choices may improve portfolio diversification and give investors the confidence to stay the course.Tags: participant education, participant outcomes, retirement readiness, education
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Publisher: 401(k) Specialist
Author: Brian AndersonInflation Means Employees to be More Selective in 2023 Benefits Choices - 401(k) Specialist
Inflation & Open Enrollment. With open enrollment just around the corner, how will inflation impact their sections?Inflation & Open Enrollment. With open enrollment just around the corner, how will inflation impact their sections?Tags: inflation, automatic features, total benefits
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Publisher: 401(k) Specialist
Author: Thomas Hawkins3 Ways 401k Plan Sponsors Can Boost Participant Awareness - 401(k) Specialist
Want to boost financial awareness among participants? Check out these best practices.Want to boost financial awareness among participants? Check out these best practices.Tags: participant education, financial wellness, participant communication
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Publisher: 401(k) Specialist
Author: No AuthorNew Book Tackles Obstacles Senior Women Face in Retirement - 401(k) Specialist
5,000 women turn 65 in the U.S. every day. Despite that, many feel unprepared for the realities of aging and retirement and all that comes with it.5,000 women turn 65 in the U.S. every day. Despite that, many feel unprepared for the realities of aging and retirement and all that comes with it.Tags: participant communication
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Publisher: 401(k) Specialist
Author: Brian Anderson, Editor-in-ChiefPlan Sponsors Look for Personalized Solutions to Help Participants Reach Retirement Readiness
Plan sponsors looking for personalized solutions to help participants reach retirement readiness, new Cerulli white paper findsPlan sponsors looking for personalized solutions to help participants reach retirement readiness, new Cerulli white paper findsTags: financial wellness, financial stress, planning, managed accounts
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