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Employees’ retirement behaviors can be different from employer perceptions

Employers sometimes have the wrong idea when it comes to their workers actions and perceptions around defined contribution plans.

By Dan Berman | Updated on November 25, 2013

The difference between employee actions when it comes to defined contribution plans and their employers’ perceptions of those behaviors are vast in some cases, a survey by BlackRock found.

For instance, 34 percent of employees said they contributed at least 10 percent of their wages to their plans, while employers said only 13 percent did so. In addition, 25 percent of employees said they tried to attend every meeting on the plan, while 2 percent of employers said they thought that was the case.

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