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15 August

Retirement Confidence Rebounds | ERISA Turns 45 | Financial Wellness Over 50 | And More

August 15, 2019 By Petros Koumantaros Newsletter retirement confidence, financial wellness  

67% of employees feel confident about their ability to live comfortably in retirement

The percentage of employees who feel confident about their ability to live comfortably in retirement has rebounded back to pre-financial crises levels. While a positive sign, just 4 out of 10 surveyed have calculated how much money they will need to live comfortably throughout retirement. Of those, 1 in 3 estimate that they will need at least $1 million.

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ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.

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