Employers, employees have different opinions about retirement
Most workers know little about their 401(k) plans offerings and most are financially unprepared for retirement, according to Schwab Retirement Plan Services.
By Paula Aven Gladych|May 07, 2012 at 01:02 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Most workers are unengaged when it comes to knowing more about their 401(k) plan’s offerings and most are financially unprepared for retirement, according to two new studies by Schwab Retirement Plan Services.
CFO Research Services, on behalf of Schwab, surveyed more than 200 senior finance and human resources executives from large and mid-sized U.S. companies about their perceptions of 401(k) plans in the workplace. The survey found that more than half, 54 percent, of employers reported that employees participating in plans are not taking full advantage of the investment options, features and services offered in connection with their 401(k) plan.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
There are five different approaches and consulting types when it comes to working with employers on benefits. Identify which type you fall into and learn fresh ideas from the other approaches in this guide.
It’s no secret that health benefits have struggled to keep up with workforce expectations during the Great Resignation. Remaining competitive means employers must streamline their health benefits, put employees first and deliver on brand values. Download this guide to help your clients gain an edge in 2022 with their health benefits.
Amid mass resignations and record-high job openings, employees are now firmly in the driver’s seat when it comes to where and how they work. So, how are you going to stand out in this highly competitive market? This guide outlines a forward-thinking health benefits strategy that will ensure your company remains competitive in 2022 and beyond.