Summary
The 2024 Hot Topics in Retirement Report is an annual survey conducted by Alight Solutions, summarizing employer intentions regarding retirement and financial wellbeing plans for the upcoming year. This report marks the 20th edition and includes responses from 87 organizations employing nearly three million workers, with data collected in fall 2023. Key findings indicate a shift in focus among employers from basic participation metrics to broader financial wellbeing and retirement readiness. Employers express a need for clarity on the SECURE 2.0 provisions before full adoption, particularly regarding features with legal uncertainties. Additionally, there is a growing interest in lifetime income options, with over half of employers showing at least moderate interest. The report also highlights that 90% of employers plan to enhance their financial wellbeing initiatives in 2024, reflecting a commitment to improving employee financial health amidst economic challenges.
