The majority of U.S. employers are not confident that their employees have done enough to prepare for retirement.
In a new survey, Towers Watson found that more than half of the 371 U.S. employers surveyed, who offer a defined contribution retirement plan, reported employee participation levels at or above 80 percent this year, compared to 50 percent two years ago.
Most of this growth in participation can be attributed to a higher use of automatic enrollment, with 65 percent saying they now use this feature compared to 51 percent in 2009.
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