Tag: coverage gap

Pink piggy banks overhead view

For decades, we and other commentators have asserted that, at any given time, roughly 50 percent of private sector workers participate in an employer-sponsored retirement plan.  It used to be easy to check out the “50 percent” number because the federal government’s Current Population Survey (CPS) produced data on coverage and participation for public and…

Piggy bank icon that says _IRA_ surrounded by people icons with a blurry person selecting the piggy bank

Let’s see if fintech and state auto-IRAs are making a difference. Individual Retirement Accounts (IRAs), which hold over half of total private retirement assets, were introduced as a way for workers without an employer-sponsored plan to save for retirement.  Instead, they have been primarily used as a vehicle for rollovers from employer-sponsored plans, with direct…