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Employer matches can motivate retirement plan saving

On their own, retirement plan participants aren't doing so well at saving--but employer matching can act as a motivator.

By Marlene Y. Satter | Updated on July 29, 2015
Photo: AP

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.

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