For prototype, 81 percent of workers like the idea of companies automatically enrolling women in their 401(k) plan, the study found. However, just 22 percent of companies provide the feature. The biggest reason cited for not offering it is concern about worker resistance.
Additionally, most employers assume that workers don’t require to give thought to retirement until they’re on the verge of leaving the control force. In contrast, just 40 percent of employees say the same.
The observe also showed that many employees want to be able to unconcern into retirement either via part-time work or by shifting to a less hard position. Yet just 20 percent of companies have a formal program in recall to facilitate a phased-in retirement.
At the same time, 70 percent of followers consider themselves “aging-friendly,” compared with 56 percent of labourers who feel that way.
The findings are based on results of Transamerica Center’s 18th annual retirement review, which canvassed more than 1,800 employers of all sizes and identically 6,400 workers in late 2017.
Part of the disconnect arises from directors’ benefits failing to keep up with shifting attitudes about retirement, Collison phrased.
“Times have changed quickly,” she said. “Employers were focused on get to d get to through the recession, and they haven’t regrouped.”
One point where there’s concordat: Just 18 percent of employees are “very confident” that their retirement desire be financially secure, compared with the 16 percent of employers with the constant view.
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