How the next generation of auto plan features can help individuals save, invest and draw down retirement plan assets
Employer-sponsored retirement plans have evolved. They’re no longer just a way to save money until an employee hits a fixed retirement date. Today, plans are part of a holistic financial wellness strategy that helps employees find a healthy balance between living well today while preparing for a more financially secure life after work.
By Steve Strauss, USA TODAY Senior Small Business Columnist and Voya Contributor
Student loan assistance programs offer employers and employees many benefits. Read more about the top benefits of student loan assistance programs for employers.
Retirement plan design is a critical factor in helping to improve the retirement readiness of employees. Features like auto enrollment and auto escalation, which automatically enroll new hires into their retirement savings program and annually increases participants’ contributions, can significantly help improve participation and savings rates.
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Hear from Heather Lavallee, President, Tax-Exempt Markets
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