Financial Education

Five Critical Retirement Planning Decisions You Need to Consider Today
401(k) Plans Defined Contribution (DC) Plans Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness Retirement U.S.

Five Critical Retirement Planning Decisions You Need to Consider Today
Kathy Bergstrom, CEBS
 

Retirement planning is an important exercise for everyone. And when you have only a modest retirement nest egg, there is little room for error when planning for how to make those savings last. So what are the most important items for preretirees […]

Continue Reading....
The State of Defined Contribution Retirement Plans in 2021
401(k) Plans Defined Contribution (DC) Plans Employee Benefits Employee Benefits Survey Financial Education Retirement U.S.

The State of Defined Contribution Retirement Plans in 2021
Justin Held, CEBS
 

The number of organizations offering defined contribution (DC) retirement plans has increased over the past two years, making them the primary retirement vehicle for an increasing share of the U.S. workforce. The International Foundation’s 2020 Employee Benefits Survey showed that 87% of […]

Continue Reading....
Using Financial Education to Overcome Inequalities
Canada Employee Benefits Financial Education Financial Education (Canada) Financial Wellness U.S.

Using Financial Education to Overcome Inequalities
Robbie Hartman, CEBS
 

“The well-known business argument for financial wellness programs is the payback of at least $3 for every $1 invested by increasing worker productivity and retention,” said Rebecca Sudano, senior vice president and partner with BDO Canada Limited. In addition, financial wellness programs […]

Continue Reading....
Canada Defined Contribution (DC) Plans Employee Benefits Financial Education Investments Retirement U.S.

Three Steps Plan Sponsors Can Take to Bolster Retirement Security
Robbie Hartman, CEBS
 

The retirement security of defined contribution (DC) plan members is greatly influenced by their saving and investment choices as well as the timing and performance of financial markets. But plan sponsors and trustees still have an opportunity to positively influence the retirement […]

Continue Reading....
COVID-19 Highlights the Need for Workplace Emergency Savings Programs
Coronavirus (COVID-19) Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness U.S.

COVID-19 Highlights the Need for Workplace Emergency Savings Programs
Kathy Bergstrom, CEBS
 

About 31% of people in the United States have faced negative economic impacts from the COVID-19 pandemic, according to a recent report from the Commonwealth Fund. Those economic effects include being unable to pay for basic necessities like food, heat or rent, […]

Continue Reading....
Three Steps to Help Employees Improve Their Financial Standing
Coronavirus (COVID-19) Employee Benefits Financial Education

Three Steps to Help Employees Improve Their Financial Standing
Robbie Hartman, CEBS
 

Financial concerns—including potential job loss, income reduction, and gaps in retirement and emergency savings—were rampant among U.S. and Canadian workers even before COVID-19, but the economic challenges of this global pandemic have greatly increased the uncertainty. Employers and plan sponsors can help […]

Continue Reading....
Three Steps to Reduce Plan Costs and Improve Retirement Security
401(k) Plans Defined Contribution (DC) Plans Employee Benefits Financial Education Financial Wellness Investments Retirement

Three Steps to Reduce Plan Costs and Improve Retirement Security
Robbie Hartman, CEBS
 

Plan sponsors have long provided education on the magic of compound interest as a powerful force for retirement readiness. But most plan members—and even many plan sponsors—forget about the flip side of that coin: the long-term impact of compounding costs from investment […]

Continue Reading....