Tag: retirement plan coverage
Introduction At any given time, only about half of private sector workers in the United States are covered by anemployer-sponsored retirement plan, and few workers save without one. As a result, many households end up with no retirement saving and entirely dependent on Social Security, while others move in and out of coverage throughout their…
The report’s key findings are: Smaller firms are less likely to offer a retirement plan than larger firms but, even so, about half do sponsor a plan. Data on these firms is limited, but they tend to have more highly paid and educated workers and operate in finance, health, and education. Firms without a…