Too many defined contribution plan participants are ill-prepared for a financial emergency, much less adequately prepared for retirement, industry experts say.
That’s prompting plan sponsors in the U.S. as well as in the U.K. to investigate ways to help people build up supplemental savings so employees don’t raid their retirement plans, should an unexpected financial hit take place, industry sources said.
Have press inquiries? Please reach out.
Join 22,000+ HR pros who receive monthly employee benefits insights, straight to their inbox.