While 401(k) account balances are at an all-time high, only a small percentage of plan sponsors believe their employees are on track for retirement.

A recent Deloitte survey found that three-quarters of employers believe their employees' retirement readiness is a top priority, with 32 percent—a 7 percent increase from 2011—having conducted retirement readiness assessments for employees. The average 401(k) balance is just above $85,000.

Offering options such as automatic enrollment, Roth 401(k) features and individual financial counseling has had a positive impact on plan participation and awareness, according to the survey.  Eighty-six percent of plan sponsors who implemented automatic enrollment have seen a positive impact on plan participation by employees. 

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