Are Your Employees Overconfident About Their Retirement Savings?

A recent survey by the Employee Benefit Research Institute (EBRI) states that 7 out of 10 employees who have a retirement plan feel very or somewhat financially secure. Yet many who can save for retirement leave their savings amount or percentage unchanged year after year. Having access to a retirement plan is a step in the right direction, but it’s also important for your employees to periodically evaluate the actual amount contributed to ensure they’re working toward their financial goals.

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