According to EBRI’s 2021 Workplace Wellness Survey, 60% percent of employees say their employer-sponsored retirement plan contributes significantly to their feeling financially secure, which is a 5% increase over 2020. Of those with an employer-sponsored retirement plan, 70% report that they understand their benefits extremely or very well. Sixty percent say they are satisfied with their plan. Of those without an employer-sponsored plan, 60% are interested in one. So whatever you’re doing, keep up the great work – it’s very much appreciated by your employees!

Most employees that were surveyed are currently contributing to their plan and receive contributions from their employer. Of those receiving employer contributions, 68% say they are satisfied with the contribution they get. Slightly less than half report that they contribute equal or up to their employer match; another four in 10 contribute more.

 

If you’d like to talk about options regarding the retirement plan you’re offering, or how to speak to employees about their benefits, don’t hesitate to reach out to us.