The interesting thing is, employers — not the workers — appear to be the primary cause for the overall savings increase.
But a tight labor market has also helped fuel greater 401 contributions from employers out of a need to be more competitive, Greenan said. The currentTrends in the design of 401 plans have helped buoy savings, as well. Business owners have also raised the contribution rates at which they automatically enroll workers over time.The Pension Protection Act of 2006 created incentives, such as an exclusion from some annual compliance tests, for employers that adopt automatic enrollment. Such plans are called “safe harbor” 401 plans.
Now, 6 in 10 plans automatically enroll workers at a rate of more than 3 percent — which is more than double the figure from a decade earlier.
Bubbles bubbles everywhere
realDonaldTrump fault!
The terrific Trump Economy strikes again!! Trump2020
Until we have another 2008.
Till the market crashes
Bc the economy is booming. Trump 2020!!!
Just think Democrats want to seize that saving and redistribute it to those that haven't saved.
So why do we have to pay 25% of federal and state taxes of our retirement money if we are laid off froma job when it’s not our tension to get this money and it comes out our pay or labor. America tax is so much. Our money value hs decrease due to taxes. Oh ya no retirement
NBC News can't seem to do investigations on their own crimes.
More money? Try less or zero money for most people.