Created in 2004 by the International Foundation of Employee Benefit Plans (IFEBP), National Employee Benefits Day is nationally recognized on April 2.
According to the Employee Benefits Research Institute, almost nine in ten people don't think they'll have enough saved when they get to retirement. Study after study provides data pointing to the same conclusion: A crisis is coming. Are you prepared for it?
This year, the focus of National Employee Benefits Day is to increase awareness of the retirement crisis and to help plan sponsors motivate participants to actively engage in their financial wellness.
PBGC is always on the quest for finding new ways to make retirement security a hopeful reality for most Americans. Just yesterday, we announced a proposal that makes it easier for participants in 401(k) plans to get higher returns and get lifetime income — by moving their funds into traditional pensions.
To help make financial wellness more urgent for plan participants, the International Foundation of Employee Benefit Plans has created a number of resources that provide simple tools to get them thinking about their future.
Get started with IFEBP's helpful handouts that explain key terms for: Retirement Plans [PDF], Investments [PDF] and Credit [PDF].
Content in this blog entry was obtained from the International Foundation of Employee Benefit Plans website.