Assuming that Social Security benefits are not reduced, EBRI found that between 83 and 86 percent of workers with more than 30 years of eligibility in a voluntary enrollment 401(k) plan should have enough to replace at least 60 percent of the wages they were making at age 64.

A 2014 study showed that this community faced additional barriers to saving for their own futures because of the complexity of Social Security, a lack of access to work-based retirement plans and limited contact from financial advisors.

Fully 87 percent of participants in the 2012 EBRI/ICI 401(k) database were in plans offering loans, but only 21 percent of those eligible for the loans had one outstanding at the end of the year.

The arrangement is designed to help employees save more for retirement by addressing the money pressures and behaviors that stand in their way.

Generation X made improvements to their finances in 2013, but they are behind other generations when it comes to cash management and retirement planning.

The Putnam tool draws on social comparison behavioral theory which holds that individuals are motivated by comparisons with peers who are top performers.

ING and NBCUniversal team up to promote an initiative to encourage people to discuss their personal financial issues.

Traditionally, employees have signed up for their employers 401(k) retirement plan with a paper form or an extensive online process, but the new method allows individuals to sign up with a simple text message or through a mobile-friendly website.