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Companies are concerned that employees aren’t saving enough for retirement, according to the annual 401(k) benchmarking survey sponsored by Deloitte Consulting, the International Foundation of Employee Benefit Plans and the International Society of Certified Employee Benefit Specialists. Just 15% of the 455 companies surveyed expect most of their employees to be financially prepared for retirement, while 67% say some employees will be ready and 18% say very few will be ready.
The acceleration of technological innovation is propelling the benefit carousel faster each year, making it challenging for many brokers and employers to keep up with changes and new products in the market.
Analysts expect healthcare to be a key sticking point in negotiations between automakers and the UAW later this year.
U.S. companies get a green light from the Trump Treasury Department for controversial pension payouts.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.
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