Employers are making the improved financial wellness of their employees a priority in 2013.
A new survey by Aon Hewitt, the global human resources solutions business of Aon plc, found that to help employees save and prepare for retirement, employers are taking steps to ensure workers understand the financial resources they need to retire, while also offering more sophisticated defined contribution plan features that make investing easier and more accessible.
Aon Hewitt surveyed more than 425 U.S. employers, representing 11 million employees, to determine their current and future retirement benefits strategies. According to Aon Hewitt, workers need 11 times their final pay to meet their financial needs in retirement, but the average U.S. worker has a savings shortfall of 2.2 times pay.
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