More than half of respondents (55 percent) to a new Fidelity survey say if it weren't for their 401(k), they wouldn't be saving for retirement.
Almost 20 percent of those in workplace plans say they don't have retirement savings outside of their retirement benefit.
"This research helps us better understand how Americans use their 401(k)s to help achieve their long-term retirement savings goals," said James M. MacDonald, President, Workplace Investing, Fidelity Investments. "It also provides an interesting snapshot of the actions of workplace plan participants in an uncertain economic climate and highlights the importance of Fidelity's wide array of financial education offerings, from online tools to one-on-one guidance."
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