Page 2 - Participant Study News Today

New data from Schwab’s 2023 401(k) Participant Study show that almost nine in 10 workers say the 401(k) is a must-have benefit, and three in four would refuse…

Workers are realizing it takes years of planning to shape up their nest egg for a comfortable retirement, and they’re counting on their 401(k) to help them reach their goals.

Workers have continued to prioritize 401(k) saving despite inflation and market volatility, data shows.

According to a LIMRA study, women who work with a financial professional are more than twice as likely to have a formal written retirement plan as those who are unadvised. 

Gen Z and Millennial workers are more likely to consider a broad range of retirement plan investments and want more options. 

Employees expect 37% of their retirement income to come from their 401(k) accounts, a Charles Schwab survey found.

Inflation is the top challenge to saving for retirement, according to a new survey from Schwab Retirement Plan Services.

About one-third of younger participants in 401(k) plans predicted that their retirement will be delayed because of the pandemic.