Tuesday, May 16, 2006

Hewitt Study Finds Company Efforts Positively Impact U.S. Employees’ 401(k) Saving Habits

Hewitt Associates has released its report “How Well Are Employees Saving and Investing in 401(k) Plans, 2006 Hewitt Universe Benchmarks,” which finds that efforts by companies to help U.S. employees save for retirement--including putting the 401(k) plan on autopilot, simplifying plan choices and targeting communication--have resulted in improvements in employees’ retirement saving and investing behaviors. Nevertheless, the report also discloses that nearly half of employees examined still failed to participate in their 401(k) plan or failed to contribute enough to obtain the full company match.

Source: Press Release Hewitt Associates (May 16, 2006)

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