AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Eliminating Inequities in 401(k) Plan Participation (PDF)
The Sentinel Group via Employee Benefit Research Institute Aug. 4, 2009
9 pages. Excerpt: Employees may have equal access to 401(k) plans, but participation is anything but equal. The recent release of Ariel Investments' and Hewitt Associates' 401(k) Plans in Living Color study confirmed what individual client studies have shown for years -- that ethnicity is the number one predictor of 401(k) behavior. Supported by the data of 3 million 401(k) eligible employees, researchers concluded that African-Americans and Hispanics save less, invest less aggressively in stocks and, as a result, have lower 401(k) balances compared to their white and Asian colleagues. These findings have broader implications beyond retirement readiness, as 401(k) participation has a positive correlation to employee retention, engagement, wellness and productivity.
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