TITLE

Several Factors Can Diminish Retirement Savings, but Automatic Enrollment Shows Promise for Increasing Participation and Savings

PUB. DATE
October 2009
SOURCE
GAO Reports;10/28/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article focuses on a study by the U.S. Government Accountability Office (GAO) which examines the challenges faced in the participation and savings in 401(k) plans. It indicates that 401(k) plans overtake defined benefit (DB) plans as the principal retirement plan for U.S. workers. GAO recommends a change in law to allow continued contributions after hardship withdrawals.
ACCESSION #
45033217

 

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