Not much of this year’s tax refunds are expected to go to 401(k)or other workplace retirement savings plans.

A John Hancock Financial survey found 52 percent of workers whoare expecting a refund plan to channel the money into a savingsaccount, while 25 percent plan to use refunds to pay downdebt.

But only 2 percent said they would direct their refund toward anemployer-sponsored retirement plan.

Also read: IRS,Social Security sued over confiscated refunds

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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.