Employer confidence about worker retirement security took a nose dive in the past year alone. According to Aon Hewitt, a prominent HR consulting firm, 30 percent of employers were very confident their workers will retire with adequate retirement assets in 2011. That number has now plummeted to 4 percent.
Retirement accountability could be a central theme this year as more than half of responding companies report they’re going to encourage workers to take greater responsibility for their savings. But companies are also stepping up plan features like auto enrollment and auto escalation to push workers to save the right amount to match their retirement deadline.