Employees want their employers to get active about upping employee participation in defined contribution retirement plans. Employers? Not so much.
According to a new study from Northern Trust, 88 percent of employees say they strongly favor employers providing them with tools so they can figure out whether they're putting away enough money for retirement.
Not only that, 80 percent say employers should be actively encouraging employees to save, and 84 percent are in favor of employers providing them with incentives to save. And 72 percent say employers should be offering a viewpoint on contribution amounts.
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