A hidden value of defined contribution retirement plans might be that they get participants thinking about their long-term finances.
In fact, about 90 percent of households saving in employer-sponsored defined contribution plans said they had such thoughts, according to a survey of adults across the country by the Investment Company Institute. More than 40 percent of households said they wouldn't be saving at all if it not for the plans.
The survey comes amid growing concern about how retirement plan sponsors can reach employees and educate them about the importance of planning for their post-work years.
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