As 401(k) balances rebounded in 2010, the executives running defined contribution plans named retirement readiness one of their top priorities, according to the “10th Annual 401(k) Benchmarking Survey,” conducted by Deloitte and the International Society of Certified Employee Benefit Specialists.
Plan sponsors are also looking for help from retirement plan service providers in helping their employees prepare for retirement. However, only 15% of plan sponsors believe their employees will be prepared for retirement at the rate at which they are saving.
