09/30/2011
Employees who were automatically enrolled in a defined contribution retirement plan—401(k)s and 403(b)s, for example—and who participate in automatic contribution increase programs have a 25% higher contribution rate than other employees, according to the Mercer consulting firm.
09/15/2011
When cash for pay raises is tight, it’s hard to use that as a carrot to attract and retain employees. But the uncertain economy has many workers increasingly focused on long-term financial security. That makes retirement benefits all the more attractive. If you don’t currently offer a retirement plan, it might be time to consider establishing a 401(k) plan.