Employees and employers are not always on the same page when judging how competitive their defined-contribution (DC) retirement savings plans are, a new "Saving for Retirement: Employee and Employer Attitudes Towards Retirement Benefits" survey has found.
The report from Buck, a consulting firm that is part of the Gallagher family of firms, found that although 92% of employers thought their retirement benefit offerings were competitive, 61 % of their employees thought they could find a better retirement package with a different employer.
Buck officials said the findings reflect the economics uncertainties of the day, with many of them having concerns about day-to-day finances as well as long-term savings.
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