While it may be that too few Americans are saving enough, nearly one-third of 401(k) participants increased their contribution deferrals last year, a higher rate than ever seen before, according to a Cogent Reports study.
Just as encouraging: the 26 percent of participants who did not do likewise but said they intend to in the next year.
Last year's rate of deferral increase far surpassed expectations, as only 21 percent of participants indicated their intention to increase deferrals in 2013.
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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.
