The 401k fuure is bright.
In a post-defined benefit (DB) pensions world, defined contribution (DC) plans —historically only used to supplement a monthly pension—have largely failed to prepare U.S. workers for retirement. This leaves those who rely on Social Security as their primary benefit and only source of guaranteed income vulnerable and may also adversely impact employers.
Delayed retirement creates workforce management issues because employees facing financial stress often come to the workplace in poor health, they may be disengaged and are blocking younger workers from advancing.One recent survey shows 93%¹ of plan sponsors agree that they should be […]
Full Post at 401kspecialistmag.com