5 ways to help your employees retire strong

Published 1 Min Read

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Employees saved more for retirement, despite a global pandemic. But they still need the right employer-provided tools and guidance to stay on track.

One in three employees ramped up their retirement savings last year, according to a study by Fidelity Investments. Women and Gen Z, demographics that Employer contributions significantly helped these workers plan for the future; individuals receiving employer matches to their retirement fund experienced savings of 11% for 403(b) accounts and 13.5% for 401(k) accounts.

As more states advance retirement plans with mandates for private-sector businesses, officials behind those plans say the state option is needed to make a retirement-savings option available for the segment of workers least likely to have access to one through an employer.

Illinois, Oregon and California have been early adopters of a state-run auto-enrollment program with a mandate for employers to offer a qualified retirement plan — the state’s or a private-sector offering.

Kayla Webster
Freelance writer

Kayla Webster is a freelance writer based in New York City.


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