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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Fidelity 401(k) Survey Shows Hope for Retirement Savings, but Employers Remain Wary
Workforce Management; free registration required Aug. 14, 2009
Excerpt: A Fidelity Investments survey shows that more 401(k) participants are increasing their contributions than decreasing them, marking a reversal in employees' investing patterns. But industry experts say that employers are very wary of encouraging this trend. According to the August 12 survey, 4.7 percent of plan participants increased their 401(k) contribution rate in the second quarter while 3 percent lowered it. 'This is the first time that we saw a reversal in the trend of people who stopped their 401(k) contributions,' said Scott David, president workplace investing at Fidelity.
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