Half of all US employers aren't confident in workers' ability to save enough for retirement. For that reason, as a priority for 2010, companies now plan to match employees' 401(k) and restore any matches that were previously suspended during the economic downturn.
They will also be adding automated tools to take the guesswork out of savings and investment decisions, and hence help workers to save more throughout their working years.
Most will be offering automatic enrollment, and for the few who don't currently offer it, they are likely to add it this year.
This according to a survey conducted recently by Hewitt Associates, a global human resources outsourcing services company.
Will your company be offering a 401(k) match? Please do share your thoughts.