X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Employees hunger for support when it comes to saving more for retirement, according to a new survey of U.S. workplace retirement plan participants by State Street Global Advisors. They also want their employer to automatically increase their savings rate.

State Street’s DC Investor Survey, conducted jointly with Boston Research Group, polled 1,000 employees who participate in a 401(k), 403(b), 457 or profit sharing plan. It found that 74 percent of employees surveyed want clear examples that will show them how their savings will pay off in the future. Seventy-one percent want employers to increase their savings rate by 1 percent automatically each year; and 62 percent of employees 25 and younger said they want their employers to show them how to spend less so they can save more, compared to 53 percent of all employees surveyed.

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

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.