Navigating the cost of delayed retirement
An in-depth analysis reveals the financial cost and workforce challenges when employees aren’t financially able to retire when they want—and ways plan design can help.
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Plan sponsors face a pivotal shift in retirement plan needs. Discover the possible solutions for in-plan retirement income. Learn how they can help transform traditional retirement savings plans to support participants’ long-term financial security.
Explore how automated plan features may create a win-win scenario by helping employees achieve retirement readiness to retire on their own terms while reducing the significant costs of delayed retirement.
Here we look beyond the retirement plan budget to uncover broader funding strategies. Delaying automated features may cost participants potential savings. From rethinking total rewards to leveraging tax incentives, organizations can find ways to implement these plan features without significantly increasing overall costs.
Some plan sponsors are concerned that adding automated features could come with additional organization costs. But waiting may cost participants more in potential savings. It’s possible to support these features strategically within the plan’s existing funding structure without compromising the balance sheet.
Help boost retirement savings for workers in physically demanding jobs using retirement plan automated features.
Have you ever considered whether the employer contributions made to your employees’ retirement plans are being used to help make the maximum impact to both the company and participants?
Discover three roadblocks preventing employees from participating in their retirement plans. Learn how plan design can impact participation amid changing employee demographics and new regulations.
Retaining top-tier talent in specialized roles typically requires more than standard benefits. Offering thoughtfully designed, customized retirement plan options is a way to address the unique needs of these professionals, helping ensure they feel valued and motivated to stay.
When interpreting retirement plan data and statistics, a simple guideline is to flip the numbers to see the full story. This simple test can help employers and financial professionals better understand if plan design changes might be needed.
Data shows that automated features such as automatic (auto) enrollment, auto-increase, and re-enrollment can significantly improve participation rates and help employees save for retirement.
A significant shortage of registered nurses is projected through 2036. As health care administrators face challenges in both hiring and retaining nurses, there are opportunities to offer enhanced employee benefits to reduce nurse turnover.
Retirement plans today tend to be designed with features so the average person can begin saving with little effort. Yet, it’s seemingly not working for many employees. Instead of easier, do we need to make it harder to avoid?
Strong markets and higher discount rates have typically improved pension funding levels. This can create opportunities for sponsors to protect gains, manage costs, enhance data accuracy, and prepare for long-term strategies like risk transfer and surplus asset management.
In today’s uncertain market environment, many plan sponsors are asking the same questions about risk, timing, and long-term strategy for their defined benefit (DB) plans. Get clear and practical insights to five of the top questions to help navigate key decisions with greater confidence.
Discover how de-risking can help DB plans better withstand market volatility and protect funded status, using a recent market event as a case study.
The recent market downturn is a stark reminder of the importance of using a strategy that seeks to lock in gains and reduces investment risk when the timing is right.
A comparison of the risk management options for defined benefit plans: Liability-driven investing, annuity buy-outs, and annuity buy-ins.
Check out these helpful resources and materials below. Still have questions? Reach out to your local Principal® representative or support team.