Emergency savings are at the foundation of every wise financial plan. Yet for Americans, there’s still a big gap. A connected offering with these benefits at the center could help employees become better-positioned to financially plan for the unexpected – and protect their retirement income.
The Internal Revenue Service (IRS) has announced the inflation-adjusted figures that apply to Health Savings Account (HSA) contributions in calendar 2023 and the minimum deductible and maximum out-of-pocket for HSA-qualified medical plans that begin in 2023.
With the house passage of "SECURE Act 2.0" and in light of recent market volatility, it's time to review what's happening in Washington and beyond.
Voya survey finds inflation creating a greater worry about retirement planning for Generation X and millennials
Stay up to date with our reader-friendly summary of new legislation related to state-specific short term disability (STD), paid family leave (PFL) and paid family and medical leave (PFML) programs.
myHealth&Wealth decision support tool launched by Voya Financial
Adding information architecture to reduce the savings gap
A new disclosure requirement for ERISA-covered defined contribution plans* requires compliance starting this year, and some remaining uncertainty shouldn't prevent ERISA-covered defined contribution plan sponsors from taking action.
Supports opportunity for greater retirement investing decisions
New retirement plan limits announced
The Internal Revenue Service (IRS) is reminding employers that the annual contribution limit for their 403(b) plans may require information from employees who participate in a qualified 401 plan of another employer.
Clarifications on timing for Lifetime Income Disclosure requirements required by SECURE Act
Millennials are perhaps the most educated and ethnically diverse generation in U.S. history. They also may be the generation that is least prepared for retirement.
Voya Financial has launched new distribution portfolios for its nonqualified deferred compensation (NQDC) plans.
New guidance for plan sponsors
Each year, employers build benefit packages that are strategically created to help attract and retain quality employees. But how well do employees understand what they're enrolling in?