As the economy continues to falter, employers have become increasingly reticent about their employees’ ability to successfully save for retirement, according to a new survey by Aon Hewitt. In response, employers are creating solutions to help rethink their retirement benefits plan strategies and assist their employees in better preparing for retirement.
Five hundred large U.S. employers were surveyed to determine their current and future retirement benefits strategy. According to the findings, just 4% of employers are very confident that their workers will retire with adequate retirement assets, down substantially from 30% in 2011. Additionally, only 10% of plan sponsors feel very confident that their employees are taking accountability for their own retirement success. Fewer than one in five employers (18%) are confident that workers will be able to manage their income during retirement.
