When it comes to helping American workers save more for retirement, employers could be doing considerably more, if only for their own self-interest.
That was one of the takeaways in Towers Watson's 2014 survey of plan sponsors, released Wednesday, research that found that while most employers are aware that retirement readiness has become a "major issue" for their workforces, they simply haven't done enough to tackle it.
To be sure, sponsors have boosted savings education programs, embraced automatic enrollment features and added target-date funds. Participants, however, don't always take advantage of these programs, often because they're not getting enough of a nudge from their employers.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
