A concerning number of employees are tapping into their retirement accounts as they face financial headwinds, new research suggests, while overall retirement security continues to falter. Over one-third of workers (37 percent)... Read more »
Amazon has rolled out a slew of new benefits for its employees, including an emergency savings fund, a mental health app and financial counseling, as wellness challenges mount for workers. The new... Read more »
In recent months, Walmart has beefed up mental health benefits, doubling the number of therapy and mental health coaching sessions it provides to all workers and their dependents. Now it’s focusing on... Read more »
Starting next year, some workers who make catch-up contributions to employer-sponsored retirement plans, like a 401(k), will have to instead put that money into Roth accounts—news that has big implications for both... Read more »
?Financial fragility has been widespread among workers as inflation and prices remain high. And while the pain is being felt primarily among low-income workers, there’s a surprising group of employees who are... Read more »
Persistent high inflation, drastic market swings and recession fears have taken a big hit on employees’ financial confidence, leading them to value financial benefits more than ever, new research suggests. But there’s... Read more »
?At first glance, Secure 2.0 has something for everyone. In fact, the sweeping law with a range of retirement provisions that was passed late last year offers employers new opportunities to improve... Read more »
?Editor’s Note: SHRM has partnered with Harvard Business Review to bring you relevant articles on key HR topics and strategies. Statistically, you will likely change jobs several times before retiring. In fact, a Pew... Read more »
?Employee 401(k) contributions for 2023 will top off at $22,500—a $2,000 increase from the $20,500 cap for 2022—the IRS announced on Oct. 21. Plan participants age 50 or older next year can... Read more »
With inflation outpacing salary gains, employers are feeling more responsible for employees’ financial wellness—97 percent of employers said so this year, up from 95 percent in 2021. The finding is from a... Read more »
