Employer match top motivating factor in saving for retirement
The report, which polled U.S. employees saving into a 401(k), found 46 per cent of respondents said they starting saving for retirement because their organization offered a matching contribution, while 44 per cent said they started because they could afford to start doing so and 29 per cent said they were automatically enrolled in their employer’s retirement savings plan.
Original Article Source Credits: Benefits Canada , https://www.benefitscanada.com/
Article Written By: Staff
Original Article Posted on: September 3, 2020
Link to Original Article: https://www.benefitscanada.com/news/employer-match-top-motivating-factor-in-saving-for-retirement-report-149522