401(k) Education Makes Most-Read Blog List One of the most-read blog posts of 2013 from Employee Benefit News was the article, “6 Crucial 401(k) Employee Education Tips.” The tips are straightforward and sound—a “must read” for anyone saving for retirement through an employer plan. Here are the first three tips:
Make sure you are contributing enough to receive the maximum match.
Retirement Plan Participation on the Rise Research of census data by the Employee Benefits Research Institute (EBRI) finds 61 percent of all workers over age 16 had an employer that sponsored a pension or retirement plan for any of its employees in 2012. This is up from 59 percent in 2009.
Workers participating in a plan increased to 46 percent in 2012, up slightly from 2009 (45 percent) but below 2003 (48 percent).
Automatic Features and the Power of Bundling New research and analysis from Retirement Made Simpler and Lincoln Financial Group demonstrates just how much impact the bundling of automatic features can be when it comes to increasing employee participation and deferral rates.