Top Employee Participation Stories
Age, tenure impact 401(k) balances for consistent contributors
By Kristen BeckmanNearly half of consistent contributors had more than $100,000 saved in a 401(k) after eight years.
A major challenge of human resources managers is to build awareness of and engagement with an employer's benefit offerings. This includes strategies and tips to drive employee elections in core and voluntary offerings during the open enrollment period, as well as ongoing promotion and utilization of benefits throughout the year. Topics also include overall employee engagement in the workplace... culture, productivity, satisfaction.
Nearly half of consistent contributors had more than $100,000 saved in a 401(k) after eight years.