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403(b) Participation Rates Reach Record Highs, but Savings Results Still Not Great

For 403(b) plan sponsors, automatic enrollment helps employees build retirement security, but participation is only half the task facing many, due to low savings rates.

United statesRobyn credicoKim cochraneHattie greenanAlan coleBrodie woodOnedigital coleHub internationalAmerican retirement associationFidelity investmentsPlan sponsor council of americaPlan sponsor councilNorth americaWillis towersAmerican retirementVoya financial

Employees contributing to 403(b) plans hits record high in 2022 – PSCA

Employees contributing to 403(b) plans hits record high in 2022 – PSCA
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United statesHattie greenanHub internationalPlan sponsor council of america on decPrincipal financial groupPlan sponsor council

403(b) Plans Reach Record Participation Rates in 2022

While participation in 401(k) plans dropped in 2022, 403(b) plans saw increased participation rates, according to the Plan Sponsor Council of America’s recent survey.

United statesHattie greenanPlan sponsor council of americaPrincipal financial groupHub internationalPlan sponsor council

More employers offer a Roth 401(k) — and a Secure 2 0 change may prompt more workers to use it

Roth is a type of after-tax savings. Secure 2.0, a retirement law passed last year, is poised to increase adoption even more in the workplace.

United statesNew yorkTed jenkinHattie greenanPlan sponsor council of americaFinancial advisor councilPlan sponsor councilPersonal financeFinancial advisor

More employers offer a Roth 401(k) — and a Secure 2 0 change may prompt more workers to use it

Roth is a type of after-tax savings. Secure 2.0, a retirement law passed last year, is poised to increase adoption even more in the workplace.

United statesHattie greenanTed jenkinPlan sponsor council of americaFinancial advisor councilPlan sponsor councilPersonal financeFinancial advisor

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