Do 401k Participants Know What They Want and Need? 2019 NAPA 401(k) Summit
“We tell participants how much they should save, when many times we don’t know (and they don’t know) what they’re saving for,” says Patrick Delaney, vice president of T. Rowe Price Investment...
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Shock (Not)! Millennial Savers Say One Thing, Do Another
With screen time, videogames, Minecraft—is anyone at all surprised? Fully 78% of millennials say they prefer online videos to learn about personal finance topics, according to a new study from the...
View Article401k Education: Know Your Participant Demographic
It still (still!) needs to be said—Millennials and Baby Boomers send and receive information differently. Think it might matter in enrollment and education sessions? Anthony Tomasula with PPS...
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What, Me Worry? 401k Participants Flee to Safety
Capital markets are a leading indicator, a sign of investor confidence in things to come. So what, exactly, are participants trying to tell us about a possible turn? “401k traders continued to retreat...
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SPARK, TRAU Combine 401k Training Programs
The SPARK Institute and TRAU (The Retirement Advisor University) announced Friday that they’ve agreed to combine their industry training programs into one comprehensive educational offering for...
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401k Cashout Confusion: Who’s Doing It and Why?
Cashout leakage, a long-standing problem in America’s defined contribution system, is a silent crisis that unnecessarily robs millions of Americans of a comfortable, timely or secure retirement....
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Many Small Businesses Don’t Understand Retirement Plan Options
Small businesses are an essential part of the American economy. They spark innovation, drive competition and employ many people. In fact, from 1998 through 2014, small companies accounted for...
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National 401k Day 2019: PSCA Offers Awareness Game Plan for Plan Sponsors
Please, save responsibly tonight as you celebrate National 401k Day. Friday, Sept. 6, marks the 2019 celebration of “National 401k Day,” or more accurately but less simply, “National 401(k)/403(b)...
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Majority of Americans Want Mandatory Financial Education Classes
Maybe Mom doesn’t know best. A new survey found 61 percent of Americans consider parents a key influence in shaping the way they manage finances, but parents with kids under age 21 lack confidence on a...
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Climbing Participation, Contribution Rates a Good Sign for 403b Plans
403b plan participation and contribution rates are showing solid growth according to new data from non-profit organizations that sponsor them. The 11thannual 403b plan survey from the Plan Sponsor...
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How to Build (and Judge) a Successful 401k Plan: Case Study
A leading heavy manufacturing firm in the Midwest recognized early on that the success of their 401k profit-sharing plan could not be judged merely by participation rates, the performance of its...
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‘Transcreation’ Helps Expand Hispanic Worker Retirement Savings Program
We’ve got your word of the day: “Transcreation.” That’s a technique helping Principal Financial Group expand its culturally relevant program to improve retirement savings among Hispanic workers....
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Shock (Not)! Millennial Savers Say One Thing, Do Another
With screen time, videogames, Minecraft—is anyone at all surprised? Fully 78% of millennials say they prefer online videos to learn about personal finance topics, according to a new study from the...
View ArticleBusiness Owners Need Help in Communicating 401k Advantages
It won’t come as a surprise that business owners view 401ks as advantageous both for their business and their employees. Yet, despite business owners seeing the advantages and value of 401ks, a gap...
View ArticleHow 401k Auto Enrollment Can Lead to Lower Deferral Rates
Auto-enrollment almost doubles 401k plan participation, but can also result in participants saving less than those who voluntarily opt in and set their own deferral rate, according to a new white paper...
View ArticleState Worker to Finally Retire at Age 102
For anyone thinking they’ll never retire, take heart—it might happen a little after age 100. Bob Vollmer, punching in (or out) at 102 years old, is ready to retire after six decades with Indiana’s...
View Article401k Participants vs. Non-Participants: Who’s More Confident About Retirement?
Reason No. 273 for a 401k plan: Individuals who participate in 401k plans are more confident about their retirement than those who do not participate, according to a recent study focused on financial...
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1 in 4 Millennial Savers Top $100,000 Mark
There’s been a strong year-over-year increase in the number of Millennials socking earnings away in their 401ks, according to a new report from Bank of America. “Building on a positive trend we’ve seen...
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401k Participation, Contributions, Diversification All Show Big Gains Over...
More workers than ever are saving more toward their retirement and Millennials are quickly catching up to older generations when it comes to contribution and participation rates, according to new...
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‘Save to Retire’ Gets Thursday Spotlight During America Saves Week
It’s “America Saves Week,” and as part of the national awareness campaign, Thursday, Feb. 27, is devoted specifically to promoting the need to save for retirement. Since 2007, America Saves Week (Feb....
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