Are nonprofits shirking their responsibility regarding their employees' retirement futures?
A survey of 403(b) sponsors by the Plan Sponsors Council of America shows only 27 percent feel they have a responsibility to encourage savings and actually take measures to help workers do so.
Another 25.8 percent said they're aware of their responsibility as employers — they're just not necessarily doing anything about it. More than one-third of respondents said they encourage retirement savings but don't want to "force it," and 10 percent said simply offering a plan fulfilled their responsibilities.
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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.
