Blog Posts tagged with Retirement Plans; State Auto IRAs; 401(k)

State Auto-IRAs: What Employers Need to Know

February 15, 2017

To combat weak savings by U.S. workers, some states recently have enacted state-sponsored retirement programs. This is a response to studies confirming that most people are not saving enough for retirement. One-third of all Americans report that they have no retirement savings at all. Of the estimated 114 million workers in the private sector, less than 10 percent have individual retirement accounts (IRAs) and only 34 percent have access to a retirement savings plan through their employer.

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