People are worried about their financial future, but are they saving enough for retirement?
I spoke to Ed Farrington, executive vice president at Natixis Global Asset Management about how benefits managers should communicate with employees about their retirement. He referenced the Natixis 2015 Retirement Plan Participant Study, which surveyed 1,000 employees with access to a workplace defined-contribution plan.
A quarter of those surveyed chose not to participate in the plan. Four out of 10 contributed less than 5 percent. And many had borrowed (37 percent) or withdrawn (30 percent) money from their retirement account before actually retiring.
