60% of millennial respondents and 65% of Gen Xers surveyed said they would save more in their DC plans if their employer provided a larger match to their contributions. (Photo: Shutterstock)
The latest Natixis survey of workers with access to a defined contribution retirement plan includes many findings that will be helpful for advisors working with individual clients but crucial for those working with corporate retirement plans.
The survey of 1,000 employees — including 700 who are plan participants — found that most employees are severely underfunded in their workplace-based retirement plans and will need to save hundreds of thousands of additional dollars to fund a comfortable retirement.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
