Towerswatson did a great study of 401K plans and the overarching reason that plans are created according to employers is to prepare individuals for retirement. However, only 56% of companies have participation rates of 80% or higher.
Should this be of worry? Definitely - as often this becomes the only income, aside from Social Security that americans will get.
Take a look at the below study - as it gives some great tactics to try and increase participation (Read AutoEnrollment!)
Original Page: http://feedproxy.google.com/~r/towerswatson/research/~3/zConzyM-V5w/8056
Posted with Blogsy
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