employers with matches offer 50 to 100 percent of as much as 6 percent of an employee's salary. "The problem that we have is often people are defaulted into rates that don't take full advantage of the match," said Robyn Credico, senior consultant at Towers Watson, a global professional services firm.
Besides, even when annuities are available, few workers have been willing to take advantage of them, in part because "they have a hard time giving up all their money to an annuity," says Robyn Credico, defined-contribution practice leader at Towers Watson, a retirement consulting firm.
spurring employers to focus on the issueand negotiate better deals. "We have already seen a number of very large clients look at the fees they are paying, either because of lawsuits or the coming disclosures," said Robyn Credico, defined-contribution practice leader at consulting firm Towers Watson. "
Date: Feb 02, 2012
Category: Business
Source: Google
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