Tag: automatic escalation
Many employees in the private sector, when left to their own devices, either save very little in the company retirement savings plan or don’t even sign up for it. But a growing number of companies have revamped their 401(k)-style plans over the past two decades to strengthen the incentives for employees to save. While progress…
Given the large gap between retirement needs and resources, we should ensure that the retirement programs we have work as well as possible. In the private sector, the main retirement program is 401(k) plans. These plans are not working as well as they could – a problem that could be remedied with more extensive us…
