In hopes of providing employees with at least the bare minimum of retirement-age security, more and more U.S. companies are boosting their DC plan options and education, according to Aon Hewitt.
A new survey by the firm suggests that improving the financial wellness of the workforce has become a much higher priority for many employers, with many companies taking steps to ensure that workers understand the resources they need to retire.
Ther's also been a move to DC plan features that are not only more sophisticated but make investing and saving much simpler for participants. And more plans are adding annuities as an option to provide participants with steady retirement income.
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