The average 401(k) account balance of workers who participated consistently in a 401(k) plan from year-end 2007 to year-end 2013 increased significantly between 2012 and 2013, according to an updated annual study by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI). EBRI Issue Brief Sep 15, 2015 28 pages
Offering financial incentives to workers to participate in workplace wellness programs has a big impact on the programs’ success, according to new research by EBRI. EBRI Issue Brief Aug 26, 2015 24 pages
HSA Investment Options: Investment options in health savings accounts (HSAs) are a fairly new and not widely used option, but they tend to draw larger contributions and have higher balances where they do exist, according to a new analysis by EBRI.
Longevity Annuity Contracts: A recently authorized feature for 401(k) plans would allow workers to transform all or part of their retirement savings into a guaranteed stream of lifetime income, similar to what traditional pensions can provide. New modeling from EBRI finds this feature would be a significant help as a way to reduce their “longevity risk”—the risk of outliving their retirement savings—but only to those workers who can expect to have a long retirement.
EBRI Notes Aug 26, 2015 24 pages
IRAs: Relatively few owners of individual retirement accounts (IRAs) are withdrawing money from them, and most of those who do are those over age 70-½ who are required by law to take a distribution from their Traditional IRA, according to new research by EBRI. Press release.
Satisfaction Gap: Individuals with health insurance continue to express higher satisfaction with traditional health plans compared with so-called “consumer-driven” plans, but the “satisfaction gap” appears to be narrowing, according to new research from EBRI. Press release
EBRI Notes Jul 16, 2015 24 pagesAverage health savings account (HSA) balances increased from $1,408 to $1,933 (up about 37 percent) in 2014, according to a new report by EBRI. EBRI Issue Brief Jul 14, 2015 28 pages
When family members help each other out--especially with the Baby Boom generation rapidly entering retirement--which way does the money flow: From old to young, or the other way around? New research from EBRI finds that, overwhelmingly, the generational transfer of money flows downhill: Mostly it’s older family members helping out their younger adult relatives than the other way around. EBRI Issue Brief Jun 18, 2015 32 pages
Self-Insured: Will small businesses follow the lead of bigger firms and start self-insuring their medical benefits to avoid the costs of the Patient Protection and Affordable Care Act (PPACA)? So far (up to 2013, the latest data available), there is no evidence that they are doing so, according to new research by EBRI.
Auto-IRAs: If “automatic IRAs” (individual retirement accounts) were made universal, how significant could their impact be for increasing retirement readiness and reducing the national retirement savings deficit? That depends largely on age, the default contribution rate and the opt-out rate (the percentage of eligible employees who choose not to participate), according to new research by EBRI.
EBRI Notes Jun 17, 2015 32 pagesEBRI Press Release Jun 16, 2015
EBRI Blog June 4, 2015
CDHPs: People of have so-called “consumer-driven” and high-deductible health plans tend to be older, more educated, and with higher incomes than those with traditional health plans, according to new research from EBRI. Press release.
Income Measures: A new analysis by EBRI shows that the new questions being used to measure income in the Census Bureau’s Current Population Survey found a significant amount of income from IRAs and 401(k)-type plans was being missed across all levels of income for Americans age 65 or older. Press release.
EBRI Notes May 28, 2015 16 pagesAssets in individual retirement accounts (IRAs) continue to rise, especially when counting multiple IRA accounts that individuals may have, according to new research by EBRI. EBRI Issue Brief May 26, 2015 36 pages
End-of-Life Finances: New research by EBRI shows that a large percentage of individuals who died recently had little or no assets. Those who died relatively younger were even more likely to be in this situation. Press release.
Big Data: Since “big data” is changing so many aspects of the business world, how is it affecting the way health and retirement benefits are provided to private-sector workers? At a recent policy forum sponsored by EBRI, several national experts described how employers and researchers are making a major commitment to capturing and analyzing the vast amount of health and retirement data in their benefits plans. Press release.
EBRI Notes Apr 23, 2015 24 pagesAmerican workers and retirees are expressing higher confidence about their ability to afford retirement this year, even though there is little sign they are taking the necessary steps to achieve that goal, according to the 25th annual Retirement Confidence Survey—the longest-running survey of its kind. EBRI Issue Brief Apr 21, 2015 40 pages
Savings needs: How much do workers need to have saved for retirement at different ages? And based on their age and income, how much needs to be contributed to their defined contribution plan to ensure a financially successful retirement? New research from EBRI helps answer these important questions.
Health account contributions: Both employers and workers decreased their contributions to health savings accounts (HSAs) last year, according to new research from EBRI.
EBRI Notes Mar 26, 2015 28 pagesFinancial incentives appear to be a crucial factor in bringing unhealthy workers into workplace wellness programs, according to a new analysis by EBRI EBRI Issue Brief Mar 24, 2015 20 pages
EBRI Testimony March 12, 2015 27 pages
How do retirees spend their out-of-pocket money on health care in retirement? New research from EBRI separates recurring and non-recurring health-care services and finds that usage and expenses of recurring health-care services remain stable throughout retirement, while usage of non-recurring ones increase with age and tend to be more expensive. EBRI Issue Brief Feb 23, 2015 24 pages
Tenure Trends: American workers are continuing to stay a bit longer in their jobs, according to new data from EBRI. The overall median tenure of workers—the midpoint of wage and salary workers’ length of employment in their current jobs—was slightly higher in 2014, at 5.5 years, compared with 5.0 years in 1983. Press release.
Views on Health Benefits: Most workers are satisfied with the health benefits they have now, but nearly one-third express interest in changing the current mix of benefits and wages offered by their employers, according to the latest findings from EBRI. Press release.
EBRI Notes Feb 19, 2015 24 pagesHow big is the retirement savings gap that most Americans are likely to face? New research from EBRI indicates it varies widely by gender, marital status and other factors, but the aggregate national retirement savings deficit is about $4.13 trillion for all U.S. households between age 25 and 64. EBRI Issue Brief Feb 17, 2015 28 pages
HSAs: Who contributes the maximum amount to their health savings accounts (HSAs)? New research by EBRI finds that about 15 percent of HSA owners contributed the maximum amount possible in 2013. Press release.
Debt: A larger share of older American families had debt in 2013, and those with debt loads that are considered problematic also increased, according to a new report from EBRI. Press release.
EBRI Notes Jan 29, 2015 24 pages
