Apr
17
Employers Ramping Up Retirement Plan Features
Employers are enhancing their retirement plans and increasing access to professional investment advice in an attempt to bolster employee retirement readiness. A new study by Aon Hewitt, which polled more than 400 plan sponsors serving 10 million plan participants, revealed a number of initiatives being taken to strengthen employee ability to achieve greater financial security in retirement. Key actions include the following: Boosting employer matching funds: The percentage of employers offering dollar-for-dollar matches on the first 6% of employee contributions has nearly doubled in the past two years, from 10% in 2011 to 19% today. And virtually all employers now offer some level of matching contributions. Offering immediate...
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