Employers are becoming increasingly concerned about employees' ability to save for retirement, prompting many of them to rethink their retirement benefits plan strategies and assist their employees in better preparing for retirement.
Aon Hewitt, the global human resources consulting and outsourcing business of Aon Corp., recently surveyed more than 500 large U.S. employers, representing over 12 million employees, to determine their current and future retirement benefits strategy. According to the findings, just 4 percent of employers are very confident their workers will retire with adequate retirement assets, down substantially from 30 percent in 2011.
Additionally, only 10 percent of plan sponsors feel very confident that their employees are taking accountability for their own retirement success, and fewer than one in five employers are confident that workers will be able to manage their income during retirement.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
