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Though it’s far too early to assess the long-term impact of the coronavirus pandemic on workers’ retirement security, early indicators suggest that employers are not abandoning their retirement plans and employees are not cashing out in droves.
It also presents an opportunity for plan advisers and sponsors to redouble their efforts to encourage participation in workplace savings plans, according to Toni Brown, senior vice president of Capital Group’s Retirement Strategy Group.
Kenneth Corbin is a Financial Planning contributing writer in Boston and Washington. Follow him on Twitter at @kecorb.
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