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Since most participants accept the deferral rates that are automatically set in 401(k) plans, sponsors should increase those rates to at least 6% or higher, The Principal says.
In fact, participants should be saving at least 11% to 15% of their pay, including employer match, throughout their entire careers, said Barrie Christman, vice president of individual investor services at The Principal.
Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Medias Wall Street & Technology magazine and … Read full bio
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When providers rush to high-cost procedures, plan sponsors are left subsidizing a bypass of the underlying metabolic issues that most determine pregnancy success.
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