DEFINED CONTRIBUTION
OneDigital and other "aggregators" are looking to buy the retirement businesses of regional banks.
State-run retirement savings programs may be boosting the creation of new private-sector plans, according to a new study from the Pew Charitable Trusts.
Employers that match more than dollar for dollar are rare and some companies offer non-elective contributions to improve recruiting and retention.
Katie Selenski took California's state-run defined contribution plan from launch to a savings plan with $478 million in assets and 417,822 savers.
Small businesses see retirement plans as one of the top three ways to attract employees in today's tight labor market.
Defined contribution participants have moved away from extreme equity investing due to target-date funds and automatic enrollment, Vanguard found.
OneDigital Investment Advisors has acquired the 401(k) advisory and retirement plan servicing business of Huntington National Bank.
Younger workers today are participating in their workplace retirement plans at higher rates than they were 15 years ago.
Current and former 401(k) participants in 2022 challenged the plan's record-keeping costs and investment lineup.
Acquisitions, auto enrollment and greater education to encourage more saving were cited as bright spots in record keeping in an otherwise difficult year.
