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Employers say readiness key to successful retirement plan

Nearly three-quarters, 74 percent, of employers who offer a defined contribution plan believe their employees' retirement readiness is a critical measure of whether their current retirement benefits program is a success, according to the LIMRA Secure Retirement Institute.

By Lisa Barron | Updated on April 03, 2014

Nearly three-quarters, 74 percent, of employers who offer a defined contribution plan believe their employees’ retirement readiness is a critical measure of whether their current retirement benefits program is a success, according to the LIMRA Secure Retirement Institute.

“When you consider that 80 percent of full-time U.S. workers rely on an employer-sponsored retirement savings plan to support their future retirement lifestyle, it is encouraging to see so many plan sponsors understand how integral their retirement benefits are to their workers’ ability to achieve a financially secure retirement,” Alison Salka, corporate vice president and LIMRA SRI Research director, said.

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