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.

Still, a savings-conscious participant may not be a keen investor. Employers know this and are hoping to give them more investment advisory solutions – things like online advice and modeling tools.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.