Studies show that while people might be saving more for retirement, they're not saving enough—and many aren't saving at all. Reasons for this behavior vary with demographics. But the fact remains that more people seem to need more help when preparing for retirement.
Enter the 2018 Defined Contribution Plan Participant Survey from JP Morgan, which finds that, among other things, employees take to heart plan recommendations that are meant only as general guidance, not instructions.
The survey, which queried nearly 1,300 participants, found disconnects and miscommunications between employee participants and employer plan sponsors.
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.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
