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Most Workers Woefully Unprepared for Retirement

April 5, 2010
Related Topics: Retirement/Pensions, Benefit Design and Communication, Featured Article, Compensation
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Twenty-seven percent of employees have less than $1,000 in savings, according to the Employee Benefit Research Institute’s annual retirement survey. More than half of respondents say their total value of household savings and investments is less than $25,000. The survey results present a strong case for automatically enrolling participants in plans and automatically escalating contribution rates.
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