(Photo: Shutterstock) Aside from health insurance, a 401(k) plan is the most important benefit people want when looking for a new job. Eighty-eight percent of respondents to a recent Charles Schwab study said an employer-sponsored retirement savings plan is a must-have benefit.
"Placing such a high priority on their 401(k) is not surprising since it is their primary retirement resource, with workers counting on it to deliver 40% of their retirement income," said Marci Stewart, director of communication consulting and participant education for Schwab Workplace Financial Services. "That's double what workers expect from the next closest source, which is Social Security at 20% of retirement income."
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