The program will go into effect for Travelers' U.S. employees in January 2020.
Tag: company match
In such plans, they have more than twice the average retirement balance of other workers.
Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.
A 401(k) match and health insurance are the benefits they value the most
Workers under age 35 are realizing they need to start saving now, according to Ascensus.
Workers can move the entire match over or just a portion of it.
Fifty-two percent think they will be able to retire at their ideal retirement age, and 52% say they either somewhat or strongly agree that their savings will last throughout their lifetime.
Employer contributions and loans are also prevalent, a Brightscope/ICI report says.
Of this group, 25% said they will increase their company match to the 401(k) plan.