• FREE RESOURCES
  • PREMIUM CONTENT
        • SEE MORE
          PREMIUM RESOURCES
  • HR DEEP DIVES
        • Coronavirus (COVID-19) Resources for HR Professionals
          Employment Law
          Labor Law Posting Requirements: Everything You Need to Know
          Recruiting
          businesswoman selecting future employees on digital interfaces
          Recruiting Resources for HR & Hiring Managers
          Performance Management
          vector image of young female making star rating
          Performance Review Resources
          Employment Law
          Understanding Equal Employment Opportunity and the EEOC
          Recruiting
          Onboarding Resources for HR & Hiring Managers
  • CORONAVIRUS & HR

  • LOGIN
  • SIGN UP FREE

HR Morning

  • FREE RESOURCES
  • PREMIUM CONTENT
        • SEE MORE
          PREMIUM RESOURCES
  • HR DEEP DIVES
        • Coronavirus (COVID-19) Resources for HR Professionals
          Employment Law
          Labor Law Posting Requirements: Everything You Need to Know
          Recruiting
          businesswoman selecting future employees on digital interfaces
          Recruiting Resources for HR & Hiring Managers
          Performance Management
          vector image of young female making star rating
          Performance Review Resources
          Employment Law
          Understanding Equal Employment Opportunity and the EEOC
          Recruiting
          Onboarding Resources for HR & Hiring Managers
  • CORONAVIRUS & HR
  • Employment Law
  • Benefits
  • Recruiting
  • Talent Management
  • Performance Management
  • HR Technology
  • More
    • Leadership & Strategy
    • Compensation
    • Staff Administration
    • Policy & Procedures
    • Wellness
    • Staff Departure
    • Employee Services
    • Work Location
    • HR Career & Self-Care
    • Health Care
    • Retirement Plans

2011's bringing employees more retirement help

Christian Schappel
by Christian Schappel
January 27, 2011
1 minute read
  • SHARE ON

If your company isn’t offering a Roth investment option, target-date funds, automatic escalation or automatic rebalancing as part of its retirement plan by the end of 2011, it looks like it’ll be behind the eight ball.
The majority of mid-to-large U.S. companies plan to have those features in their retirement plans for the coming year, according to a recent Aon Hewitt survey of 210 companies.
Just 38% of employers are confident that workers are taking accountability for their financial future, according to the survey. That’s down from 43% who were confident of that last year.
As a result, many employers are planning to add features and make changes to the designs of their retirement plans to boost employee savings rates.
Here’s a rundown of what employers are planning to do in 2011:

  • 36% say they are likely to add automatic enrollment to their plan (that’s in addition to the 57% who already have it)
  • 26% say they are likely to add automatic escalation (47% currently have it)
  • 33% are considering adding automatic rebalancing (49% have it already)
  • 38% indicate they’ll add a Roth 401(k) plan feature (34% have one already)
  • 83% will continue offering target-date funds
  • 47% say they’d like to add an online investment feature
  • 36% say they’re likely to offer online investment advice, and
  • 69% say they’ll increase their communications to employees about investments and plan fees.

One major impact of the recession: 23% of employers had to reduce or suspend their 401(k) match.
But 2011 has brought with it some good news for employees — 55% of those employers have already reinstated their matches in some form, and another 18% plan to do so by the end of the year.
Has your company made (or does it plan to make) any significant changes to its retirement plan in 2011? Let us know in the Comments Box below.

Get the latest from HRMorning in your inbox PLUS immediately access 10 FREE HR guides.

I WANT MY FREE GUIDES

Keep Up To Date with the Latest HR News

With HRMorning arriving in your inbox, you will never miss critical stories on labor laws, benefits, retention and onboarding strategies.

Sign up for a free HRMorning membership and get our newsletter!
  • This field is for validation purposes and should be left unchanged.
HR Morning Logo
  • Facebook
  • Twitter
  • Linked In
  • ABOUT HRMORNING
  • ADVERTISE WITH US
  • WRITE FOR US
  • CONTACT
  • Employment Law
  • Benefits
  • Recruiting
  • Talent Management
  • HR Technology
  • Performance Management
  • Leadership & Strategy
  • Compensation & Payroll
  • Policy & Culture
  • Staff Administration
  • Wellness & Safety
  • Staff Departure
  • Employee Services
  • Work Location
  • HR Career & Self-Care

HRMorning, part of the SuccessFuel Network, provides the latest HR and employment law news for HR professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, HRMorning delivers actionable insights, helping HR execs understand what HR trends mean to their business.

Privacy Policy Terms of Service
Copyright © 2021 SuccessFuel

WELCOME BACK!

Enter your username and password below to log in

Forget Your Username or Password?

Reset Password

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Log In

During your free trial, you can cancel at any time with a single click on your “Account” page.  It’s that easy.

Why do we need your credit card for a free trial?

We ask for your credit card to allow your subscription to continue should you decide to keep your membership beyond the free trial period.  This prevents any interruption of content access.

Your card will not be charged at any point during your 21 day free trial
and you may cancel at any time during your free trial.

preloader