When employees reach their retirement age, they’re often not thinking about the trips they’ll take or the beach-front condo they’ll buy. Instead, they’re probably wishing, I should have saved more!
Forty-one percent of employees regret not saving sooner for their retirement, and an additional 39% wish they had more saved in their accounts, according to research from Principal, an investment management company. Yet employers have the power to help employees get started as soon as they begin their work tenure by incorporating automatic savings features into their retirement plans.
