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At Companies with DC Plans, Most Employees Participate, But Many Acknowledge Ignorance About Investing
LIMRA Link to more items from this source
Dec. 16, 2014
"[A]mong private-sector employees who are offered a DC plan at work, 79 percent participate, up two percentage points from 2013. Eighty percent of public-sector employees eligible for a DC plan participate, up from 79 percent a year earlier. The research also reveals a continued decline of defined benefits in the private sector: in 2014, just 16 percent of employers offered them. While 401(k)s are wildly popular, over 40 percent of employees eligible for them at work are also saving for retirement outside of work."

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