In hopes of providing employees with at least the bare minimum of retirement-age security, more and more U.S. companies are boosting their DC plan options and education, according to Aon Hewitt.
A new survey by the firm suggests that improving the financial wellness of the workforce has become a much higher priority for many employers, with many companies taking steps to ensure that workers understand the resources they need to retire.
Ther's also been a move to DC plan features that are not only more sophisticated but make investing and saving much simpler for participants. And more plans are adding annuities as an option to provide participants with steady retirement income.
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.
