Advertisement
News
Human Interest Offers ‘Cash Back’ Incentive to Retirement Savers
Digital platform 401(k) provider Human Interest announced it will offer a 3% cash back reward to participants who start saving for retirement. Essentially acting as a match, the San Francisco-based company said the incentive is available to all eligible participants on its platform “making at or below the U.S. median wage of $60,000, putting cash... Read More >>
Auto-Enrollment a Plus But Not a Panacea, Says Study
Auto-enrollment can dramatically increase participation in a retirement plan—however, the degree to which it is beneficial varies depending on which party one considers, says a recent study. Richard Patterson, an Assistant Professor and a Director of Long-Run Research in the Office of Economic and Manpower Analysis at Brigham Young University, and... Read More >>
Congress Tells Treasury SECURE 2.0 Corrections Are Coming
On May 23, Congress sent a letter to the Treasury Department informing Secretary Janet Yellen and IRS Commissioner Daniel Werfel that it will introduce legislation to fix several technical errors contained in SECURE 2.0. Signed by four prominent SECURE 2.0 figures—House Ways and Means Committee Chairman Jason Smith (R-MO), Ranking Member Richard... Read More >>
ROI on Financial Wellness
Sponsored by Allianz Life Insurance Company of North America Though financial wellness programs are increasingly popular, one of the challenges with implementing these programs that plan sponsors raised at PSCA’s recent conference, is how to measure the return on investment. This is generally a concern regarding getting leadership on board with... Read More >>
Employee Financial Stress at Peak Levels: Report
Distressing news from financial wellness pioneer Financial Finesse, which found financial stress levels as high as 2008, when the housing and financial crisis crashed much of the global economy. The company’s Workplace Financial Wellness in America report, an annual snapshot of the American workforce through the lens of financial wellness, paints... Read More >>
Mandating Plan Eligibility at Age 18
Sponsored by MFS Investment Management. There is a proposal in Congress to change the minimum age requirement from 21 to 18 years old. PSCA annual survey data shows that 40 percent of plans currently have a minimum age requirement of 21, where the rest have either no minimum age requirement or already have an age 18 minimum. We wanted to know... Read More >>