Matching contributions to an employer-sponsored retirement plan (ESRP) can more than double the savings of the average plan participant.

That’s according to a new study from Hearts & Wallets. “Retirement Income Programs and Employer-Sponsored Retirement Plan Engagement” found that on their own, plan participants just aren’t doing all that well in putting away money for retirement.

Although average annual household savings increased over the past year from 4.6 percent in 2013 to 5.5 percent in 2014, average household savings that went into ESRPs fell 7 percentage points over that same year, going from 29 percent in 2013 to 22 percent in 2014.

Recommended For You

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.