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Retirement Made Simpler News
October 15, 2009
Each issue of Retirement Made Simpler News delivers important news, research, updates and more to your inbox. Meet the Organizations
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In the News
Restoring Americans' Retirement Security: A Shared Responsibility
The recent financial crisis reinforced the need for individuals to take responsibility for their retirement security. Yet despite a heightened sense of urgency, most Americans remain unprepared for retirement. This new study by McKinsey & Company reveals that while the decline in the stock market took a toll on consumers’ retirement portfolios, it is not the dominant driver of their lack of retirement readiness. Automatic savings features can help—but they need to include a default savings rate well beyond the all-too common three percent. Read the Full Report
Americans Put Retirement Plans on Autopilot
Automatic enrollment in 401(k) plans is gaining in popularity, even as the stock-market crash wiped out more than $1 trillion in retirement accounts, two studies show. Automatic enrollment could boost 401(k) participation rates from a national average of about 75% of eligible employees to as much as 95%. TheStreet.com
How Prepared Are Your Employees for Retirement?
The results of Aon Consulting’s 2009 Benefits and Talent Survey provide a glimpse into the strategies and tactics companies are using to ensure that they continue to improve talent, reward success, and prepare for economic recovery. Among the key retirement findings: The vast majority of respondents are not changing their retirement programs in response to the economic downturn. Most defined contribution plan sponsors have not made changes to their benefits, with 90% reporting no change in 2009 contribution levels compared to last year. More surprisingly, 92% of respondents who sponsor a defined benefit plan said that they are not making any changes. Aon Consulting
 Automatic Enrollment Gains Ground for DC Plans
Defined contribution retirement plans are widely adopting automatic enrollment together with other automatic features designed to boost employee participation and limit the number of decisions employees need to make, a survey by Mercer revealed. Global Pensions | Read Summary | Read Full Study
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On our Site
2009 Retirement Made Simpler Survey of Employee Sentiments on Saving for Retirement
Retirement Made Simpler conducted a survey in the summer of 2009 to better understand Americans’ attitudes towards saving for retirement, and more specifically, the automatic features of their 401(k) plans, including automatic enrollment and automatic escalation. Read the Fact Sheet
Resources and Tools
Promoting Your Automatic 401(k) During Enrollment Season?
These resources can help.
Sample Benefits Web Page Content (Word)
Sample Office Poster (Word)
Sample Article — Mid-Career (Word)
Sample Article — Dreams (Word)
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