We asked 278 HR managers to describe the retirement-plan options offered by their organizations. Here’s what they said.
- 401(k) or similar: 73%
- Fixed pension: 5%
- A combination: 16%
- None: 6%
So it’s official: The fixed-pension plan is becoming a dinosaur. What’s gaining? Health Savings Accounts.
At last count, about 6 million employees had signed up for HSAs, the high-deductible plans that allow workers to shelter earnings they don’t use for medical expenses.
To read more about how HSAs are used – and why some experts oppose them – click here.
