With the growing uncertainty over Social Security's future, America's workers are relying more than ever on their employers to ensure they'll have enough money to retire—and this growing trend toward paternalism is being embraced by mutual fund and insurance companies.
This week, both Putnam Investments and Russell Investments announced new programs designed to help companies track whether their employees' 401(k) plan choices will afford them adequate savings in retirement.
These announcements came the same week that the U.S. Senate Finance Committee held hearings on tax reform options for promoting retirement security.
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