When It Comes to Retirement Savings, Most Workers Are on Their Own

When a company sets a default contribution rate, most employees adhere to it—usually this has to do with the human tendency to stick with the status quo, but occasionally it’s because some employers match contributions made up to that default rate. So, the number a company chooses—even if it’s only 1 percentage point different from […]

Clearing a Path for State-based Retirement Plans

What’s the number one way that workers save for retirement? Job-based 401(k) plans, which provide a vehicle for workers to put aside pre-tax dollars that are often matched by their employers. About one-third of American workers lack access to a retirement plan at work. While workers without access to a workplace plan can save on […]