U.S. flag with sign saying Closed Prudential surveyed more than 350 federal employees and contractors after the shutdown. Half said they fell behind on bills. Even so, they were better equipped to weather a financial emergency than Americans in the private sector. (Photo: Shutterstock)

The close of the 13th annual America Saves Week presents a “good opportunity” to step back and reflect on where policies are promoting productive habits for Americans and the economy, and where they are not, says Phil Waldeck, president and CEO of Prudential Retirement.

Innovations in 401(k) plan design, fostered by the Pension Protection Act of 2006, have clearly evolved retirement savings, says Waldeck.

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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.