Same Income, Same 401(k), Different Account Balances? Plan Design Is Key to Wealth Gaps

Pre-retirement withdrawals is the single biggest factor causing wealth disparities.

By Lynn Cavanaugh | July 02, 2024 at 12:00 PM

How do plan sponsors and employers narrow the wealth gap in 401(k) plans? The Collaborative for Equitable Retirement Savings (CFERS), which collects data on retirement income disparities, attempted to provide some clarity on this topic in a June 21 webinar titled "Investors First: Strategies for Narrowing the Savings Gap in 401(k) Plans."

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April 01, 2025 - New York

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April 01, 2025 - New York

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71% of Financial Advice Posted on Social Media Is Misleading

By Lynn Cavanaugh | December 09, 2024

Gen Z and Millennials are particularly susceptible to social media financial advice.

71% of Financial Advice Posted on Social Media Is Misleading

23% of Americans Have $0 Savings: Helping Workers Do the Math, Save for Retirement

By Lynn Cavanaugh | October 18, 2024

Remind employees about student loan assistance options and provide personalized savings projections.

23% of Americans Have $0 Savings: Helping Workers Do the Math, Save for Retirement

Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

By Kristen Beckman | May 03, 2024

Employers can help employees save by automating and incentivizing emergency savings, but it's key to customize messaging that is unique to a specific employee demographic to increase the likelihood of them taking action.

Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

How to Win Customers in the Modern Marketplace link

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