We all know America has a saving problem. As a country, we’re underprepared for retirement, and what’s worse is we aren’t making much progress. Our research on employee financial issues has repeatedly shown more than 80 percent of employees don’t know if they are on track to retire comfortably. To combat the problem, the American Savings Education Council launched America Saves Week in 2007. Since then, the last week of February has been dedicated to helping Americans save for the future. This year, from Feb. 20, through the 27, individuals will be encouraged to assess their savings progress, develop better saving habits and advance their preparedness for retirement.

Why is this important to plan providers? Because America Saves Week is an opportunity to help participants understand how their benefits can help them achieve their financial goals. Employees are struggling with how to handle their employer’s switch to self-directed benefits and health care changes and have been asking for help.

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