New workers are missing out on 401(k) savings, and employers can help

Published 4 Min Read

The 401(K) Plans page on the IRS website is seen on an iPhone. 401(k) plans are employer-sponsored defined-contribution pension.
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  • Key Insight: Discover how simplifying 401(k) onboarding materially increases young-employee participation.
  • What’s at Stake: Low early-career participation could erode long-term retirement outcomes and employer retention metrics.
  • Forward Look: Anticipate wider auto-enrollment and auto-escalation adoption to boost early-career savings.
    Source: Bullets generated by AI with editorial review

The best benefits education feels less like homework and more like helpful nudges from a trusted guide. And that’s especially true when talking to a young new hire about the perks of investing in a 401(k) plan, said Harlyn Kassardjian, director of strategy and business operations at Betterment at Work.

Jimmy Nesbitt
Reporter

Jimmy Nesbitt is a reporter at Employee Benefit News, where he covers the evolving landscape of workplace benefits, healthcare, retirement, financial wellness and related policy issues. His career … Read full bio


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