State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
December 03, 2007
1 in 4 Say Retirement Savings Participation Rate is Less than 50%
About one in four HR professionals report that less than half of their employees participate in their employer's retirement savings plan, according to a recent Compensation.BLR.com poll.

When asked "What percentage of employees participates in your retirement savings plan?," 26 percent of respondents answered "Less than 50 percent," while 24 percent responded "Between 50 and 75 percent."

Meanwhile, 25 percent answered that employee participation in their employer's retirement savings plan stood "Between 75 and 90 percent," while 19 percent reported that "More than 90 percent" of employees participated in their company's savings plan. Just six percent responded that "We don't offer one."

The Compensation.BLR.com poll included 186 respondents.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

In October, the Department of Labor unveiled a final rule establishing qualified default investment alternatives, making it easier for employers to enroll workers automatically in their 401(k) and other defined-contribution plans. For details, read our coverage.

Meanwhile, A new study of employer-sponsored retirement plans has found that employee support of automatic 401(k) enrollment is overwhelmingly positive. Specifically, it found that 98 percent of U.S. adults currently enrolled in an automatic 401(k) plan agree they are "glad" their company offered automatic enrollment, according to a press release announcing the survey. Read our coverage of the study here.

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Employee-Benefits/1-in-4-Say-Retirement-Savings-Participation-Rate-i/