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Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new survey by Morgan Stanley. The survey, which polled more than 900 U.S. workers, found among those making early withdrawals, 20 per cent said they needed the money to pay for […]

  • By: Staff
  • July 5, 2022 July 4, 2022
  • 09:00
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More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity Investments Inc. has launched a way for employees to put some of their 401(k) savings and contributions — potentially up to 20 per cent — directly in Bitcoin, […]

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While 78 per cent of U.S. employees are reporting increased stress levels and feelings of burnout, only 40 per cent said their employer offers mental-health benefits or resources, compared to 53 per cent in 2021, 46 per cent in 2020 and 45 per cent in 2019, according to a new survey by Employ Inc. The […]

  • By: Staff
  • March 30, 2022 March 31, 2022
  • 15:00

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less confident than they were before the coronavirus pandemic, according to a new survey by Fidelity Investments Inc. The survey, which polled 2,600 workers, also found 71 per cent said they’re […]

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00
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Three-quarters (75 per cent) of defined contribution plan sponsors cite reviewing fees as the most important step they took to improve their fiduciary position in 2021, according to a new survey by U.S. investment consulting firm Callan. This was followed by examining the plan’s investment policy statement (63 per cent) and investment structure (61 per cent) […]

  • By: Staff
  • March 7, 2022 March 7, 2022
  • 15:00

More than a third (38 per cent) of U.S. employees increased their 401(k) contributions by an average of three per cent in 2021, according to a new survey by Fidelity Investments Inc. By the end of 2021, 83 per cent of workers with a 401(k) received a contribution from their employer, with the average employer […]

  • By: Staff
  • February 22, 2022 February 22, 2022
  • 15:00

Defined benefit pension plans offer substantial cost advantages over 401(k)-style defined contribution plans, according to a new report by the National Institute on Retirement Security. The U.S. report found a typical DB pension — with advantages based on longevity risk pooling, asset allocation, low fees and professional management — has a 49 per cent cost advantage […]

  • By: Staff
  • January 11, 2022 January 10, 2022
  • 09:00

Despite the coronavirus pandemic’s impact on the U.S. not-for-profit sector in 2020, employees participated in 403(b) retirement plans at the highest level since tracking began in 2008, according to a new survey by the Plan Sponsor Council of America. The survey, which polled roughly 400 not-for-profit retirement plan sponsors, found overall retirement plan participation rose to […]

  • By: Staff
  • October 20, 2021 October 19, 2021
  • 09:00
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Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]

  • By: Staff
  • September 8, 2021 September 7, 2021
  • 09:00

Global consulting firm Aon is launching a new pooled employer retirement plan on Jan. 1, 2021. U.S. defined contribution plan sponsors will be able to transfer their assets and members to the pooled employer plan — or PEP. Aon will be managing the investment lineup and taking care of the whole ecosystem involved with offering […]