Employee Benefits

The Benefits of Auto Enrollment Savings Plans for Employees

UPDATED ON
December 22, 2022
Abbey Dean
Abbey Dean
— Written By
Print Friendly and PDF

A recent study from investment management company Principal found that 41% of employees regret not saving sooner for retirement, while an additional 39% wish they had more funds saved in their accounts.  

In a quote, Principal’s VP of Customer Care Joleen Workman said, "Employers play such a huge role when it comes to helping their employees prepare for retirement. We have more opportunity than ever given the tools and capabilities to really help them take action."

The article delves into Workman’s view on employee’s affordability concerns, auto-escalation strategies, and the positive effects that a vigorous plan has on avoiding financial stress and maximizing workplace productivity.

To read the complete article, click here.

Looking for more exclusive content? See what’s trending on the Mployer Advisor blog.


Want more insights on how your employee benefits compare to companies in your region, industry, and similar employer size?
Download Your Custom Benefits Report Now
See How Your Employee Benefits Compare

Next Up

The Market Employment Summary for November 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of November’s report. 
The Most Common Job Openings Of The Future
‍In this piece, we take a look at what kind of job openings are going to be most prevalent between now and 2033, as well as the education level needed to access those opportunities.
3 Questions That Will Determine How The 2024 Elections Impact Employer-Sponsored Healthcare
Now that the 2024 elections are mostly in the books, how will the shifting balance of power affect employer-sponsored healthcare?