New research from Mercer reveals that retirement plan sponsors are split on the ability of the 401(k) to ever provide adequate retirement benefits, with 50% who believe the plans can be fixed now or through additional regulations and 50% who disagree or are unsure.
When asked about lawmakers ideas on alternatives to the current system, 87% of respondents oppose eliminating pretax contributions, while the most palatable alternative is combined savings accounts for retiree health care and retirement income (66% in favor). Nearly half (49%) say DC should focus its retirement efforts on shoring up Social Security.
