The percentage of workers with access to an employer-sponsored retirement plan — 53 percent — underestimates how many actually have such access at various points in their careers, a fact that should be considered as Congress considers retirement reforms, the Investment Company Institute said Thursday.
"It's well known that about half of America's workers are covered by an employer-sponsored retirement plan, but less is known about who is in that half, and why," said Peter Brady, ICI senior economist.
"Many more workers will have access to a plan at some point in their career than is indicated by taking a snapshot of coverage at any single point in time," he said.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
