Retirement plan sponsors want to boost their plan participation rates, but that isn't their top goal anymore.
According to a study by Transamerica Retirement Solutions, more than 41 percent of plan sponsors, with at least 1,000 employees, want to help employees save enough for retirement, up from 35 percent in 2012.
To address retirement readiness, plan sponsors said they plan to conduct participant education campaigns in 2013, specifically targeted at boosting participation rates, deferral levels and improve employees' understanding about their investments.
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