Employer-sponsored retirement plans continue to offer employee participants financial stability after they leave the workforce, but often a 401(k) plan with a strong employer match is meaningless if employees don’t know how to take advantage of it.
Forty-five percent of employees near retirement age do not expect to retire soon because of financial reasons, according to the Society of Actuaries. That means these employees are staying in the workforce longer. While employers strive to help smooth the transition to retirement for older employees, challenges such as widely dispersed employee populations and waning education budgets have led many sponsors to experiment with less traditional methods of education.
