older female employee on video meeting surrounded by coworkers' photos (Photo: Shutterstock)

Employers may need to revisit their defined contribution plans if they hope to assist employees in avoiding financial hardship in retirement. That's because the retirement savings balances of pre-retirees were "below optimal levels" even before the onset of the COVID-19 pandemic, according to "America's Workers Need a Next Generation DC Plan More Than Ever," a new white paper released by Prudential earlier this week.

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.

Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected].