Paula Aven Gladych

Companies need to do a better job of offering opportunities, such as flexible work arrangements, to employees who want to stay on the job longer.

Companies need to do a better job of offering opportunities, such as flexible work arrangements, to employees who want to stay on the job longer.

Young savers from decades past focused more on company stocks compared to their counterparts of today.

Young savers from decades past focused more on company stocks compared to their counterparts of today.

More younger workers are prioritizing saving for their post-work years and contributing as much as they can to their 401(k)s — and making sacrifices to do so.

More younger workers are prioritizing saving for their post-work years and contributing as much as they can to their 401(k)s — and making sacrifices to do so.

Giving employees the right tools and advice can help to address the retirement savings gap, Mercer says.

Giving employees the right tools and advice can help to address the retirement savings gap, Mercer says.

Factors such as increased longevity, income inequality and pension-fund shortfalls have caused Americans to be in a worse position for their post-work years.

The Kentucky firm wants plan sponsors and participants to better understand their retirement options.