Employees want their employers to get active about upping employee participation in defined contribution retirement plans. Employers? Not so much.

According to a new study from Northern Trust, 88 percent of employees say they strongly favor employers providing them with tools so they can figure out whether they're putting away enough money for retirement.

Not only that, 80 percent say employers should be actively encouraging employees to save, and 84 percent are in favor of employers providing them with incentives to save. And 72 percent say employers should be offering a viewpoint on contribution amounts.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO 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

© 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.