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GAO Report: Low Defined Contribution Plan Savings May Pose Challenges to Retirement Security, Especially for Many Low-Income Workers
U.S. Government Accountability Office [GAO]
Dec. 11, 2007
65 pages. "This report addresses the following issues: [1] What percentage of workers participate in DC plans, and how much have they saved in them? [2] How much are workers likely to have saved in DC plans over their careers and to what degree do key individual decisions and plan features affect plan saving? [3] What options have been recently proposed to increase DC plan coverage, participation, and savings?" [GAO-08-8, published Nov. 29, 2007, released Dec. 11, 2007]
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