Tag: employer-sponsored retirement plan
Abstract About half of private sector workers in the United States do not participate in an employer-sponsored retirement plan at their current job. To fill the gap, a number of state governments around the country have recently launched initiatives to automatically enroll their uncovered workers in Individual Retirement Accounts (IRAs). This paper reports on t…
The brief’s key findings are: Half of private sector workers are not covered by an employer-sponsored retirement plan. The federal government has made no progress on closing this coverage gap, so the states are stepping into the breach: Four states have adopted a mandatory Auto-IRA program. Two other states are setting up voluntary marketplaces. Of…
