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New research from Aon Hewitt reveals that slightly more than three-quarters (75.8%) of eligible employees participated in their company’s defined contribution retirement plan last year, up from 73.7% in 2009 and 67.2% in 2005.
Great news, yes?
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U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
Aritificial intelligence is opening new possibilities for retirement plans, but employers remain cautious about risk while working to improve participant outcomes and readiness.
Medicare now covers the medication for weight loss for eligible members, upping the need for corresponding lifestyle and behavioral benefits.
Younger employees are least likely to enroll in retirement plans, but automatic enrollment and defaults dramatically improve participation across the board.
Health savings accounts continue to expand as more workers invest contributions, even as perplexity around eligibility and account rules continues.
