Many employers don't
sponsor workplace retirement plans, and ones that do but lack automatic features too often result in workers failing to participate.
Not exact matches
In the near future, your employees may have to enroll in a state -
sponsored retirement plan depending on whether or not you offer a
workplace retirement plan.
For example, nearly all (94 %) US respondents who have a
workplace retirement plan funded through salary deductions indicated that their employer -
sponsored plan was important to their overall
retirement strategy.
If you are in the market for a new
workplace retirement plan, I recommend you evaluate all three options before you decide to
sponsor a 401 (k)
plan.
In particular, some middle to higher - income households are not adequately prepared for
retirement — either because they do not contribute enough to
workplace retirement savings
plans or because they lack access to employer -
sponsored plans and have below - average personal savings.
By using investment vehicles such as
workplace -
sponsored plans or individual
retirement accounts (IRAs), you can put off paying taxes on your earnings until you are retired and potentially in a lower tax bracket.
Fidelity Investments reported 784 new
plan sponsors joined the Fidelity Portfolio Advisory Service at Work (PAS - W) program — the company's proprietary managed account offering for
workplace retirement accounts — during 2013.
If you serve business owners and
retirement plan sponsors, see how the
workplace experience we're developing can help organizations boost productivity, employee loyalty, and the bottom line.