TITLE

Employers fear retiree funds lacking

AUTHOR(S)
Geisel, Jerry
PUB. DATE
April 2006
SOURCE
Business Insurance;4/3/2006, Vol. 40 Issue 14, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the results of an employers survey conducted by Aon Consulting in the U.S. Thirty-two percent of respondents believe that between half and nearly three-quarters of their employees will not have sufficient income to retire between ages 62 and 65. As more companies move to a defined contribution-plan only approach, a significant percentage of employees may not contribute to the plans, losing an opportunity to save on a pretax basis for retirement. The most common matching formula employers use in their 401(k) plans is a match of 50 percent on employees' deferrals.
ACCESSION #
20562026

 

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