More than 75% of those contributing to an employer-sponsored retirement savings plan receive matching contributions, and more than three-fourths of those participants contribute enough to receive the full match, according to TIAA-CREF’s Perfect Match Survey. But, only 72% of women and 64% of workers earning less than $35,000 annually receive the entire match. Many people [...]
Having an effective employee engagement strategy is the most important component of a successful retirement plan, according to a recent white paper. The impacts of plan design, plan management, and investment solutions are all reduced without one. Engaging employees involves three major factors. First, plan sponsors need to understand that different employee groups, based on [...]
Workers between the ages of 37 and 50 are poorly prepared for retirement, according to the 15th Annual Transamerica Retirement Survey of Workers. Only 24% of Generation X (those born between 1965 and 1978) reported that their greatest financial priority is saving for retirement. One-third of survey respondents expect a decline in their standard of [...]
