While there are differences in retirement saving behaviorsbetween employees who work for for-profit companies and those whowork for not-for-profit institutions, they have onething in common: Nearly half save only enough for retirement to getthe full amount of employer matching funds.
According to new research from the LIMRA Secure RetirementInstitute, how the employer match is structured can drivedefined contribution planparticipants’ behavior.
If an employer matches 100 percent of the first three percent anemployee puts away toward retirement, the employee typically willsave a maximum of six percent.
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