Divergent employer opinions combine with low user numbers to show flagging plan vitals.
Articles by Patty Kujawa
A few potent factors contribute to the investment option’s popularity with younger workers.
Health care costs may spoil the confidence that workers have in their retirement.
When the tax reform law slashed the corporate tax rate to 21 percent from 35 percent, it increased many companies’ net income, allowing them to put that money to work for their businesses.
After six years of reporting increasing confidence in their financial situation, workers’ attitudes took a serious nosedive when thinking about their money issues and how they affect their lives, a recent biannual survey found.
The future of work is changing with the rise of contract workers, experts agree, and many of these freelancers are trying to build a career path in the gig economy. Because of this shift, traditional benefits will not hold up in the future.
Studies have shown that people who don’t have enough saved in their 401(k) for retirement wind up staying on the job longer and are more stressed about their finances.