The State of Workplace Savings on the 40th Anniversary of the 401(k)

Your video will begin in 5

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by Cheddar
14 Views
The 401(k) has come a long way since it was created by Congress in 1978. Today, more than 65 million workers are saving $4.4 trillion in the workplace retirement plans. Charlie Nelson, CEO of retirement and employee benefits for Voya Financial, joined Cheddar on the 401(k)'s 40th anniversary to discuss how far workplace savings has come and how far it still has to go. Too many Americans are still "under-covered, under-served and under-saved," he said. That is especially true for small business workers. Roughly 27 percent of small employers don't have a workplace retirement plan for employees, he said. Nelson said the federal government may need to step in to mandate greater coverage.
Category
News
Tags
401k, voya, retirement, savings, clipedit

Post your comment

Sign in or sign up to post comments.

0 Comments

Be the first to comment

advertisement