CONSUMER DEMOGRAPHICS: National Survey Shows Access Levels, Participation Rates for Retirement Benefits

McClune, Sheila
September 2010
Journal of Financial Planning;Sep2010, Vol. 23 Issue 9, Special section p6
Academic Journal
The article presents the findings from the National Compensation Survey conducted by the U.S. Department of Labor and the U.S. Bureau of Labor Statistics on employee benefits, including retire benefits. The survey was responded by more than 10,000 workers in private industry and state and local government positions, and revealed that 71 percent of all workers are accessing retirement benefits. Results show that the number of low income workers having access to retirement benefits is lower compared to the number of workers earning higher wages. It is emphasized that financial planners can improve their financial services by considering their clients' use of retirement benefits.


Related Articles

  • Licensee volume bonuses not on FPA's agenda. Beaman, Lucinda // Money Management;6/11/2009, Vol. 23 Issue 20, p1 

    The article reports that product provider payments to Australian Financial Services Licensees (AFSLs) are not part of the Financial Planning Association's (FPA's) review of industry practices. It states that questions on the payments or the licensees' volume bonuses were submitted to the...

  • Numbers update on standard benefits. Martinez, Michelle Neely // HRMagazine;May95, Vol. 40 Issue 5, p20 

    Reports on employee standard benefits according to Employee Benefits Survey by the United States Department of Labor and the Bureau of Labor Statistics. Paid vacations; Paid lunch periods; Rest breaks; Maternity and paternity leave.

  • Put a stop to ex-employees stealing your clients. Sardelic, Peter // Money Management;2/24/2005, Vol. 19 Issue 6, p20 

    Examines how financial advice dealers can prevent ex-employees from their stealing clients. Legal issue relating to the owner of the client base; Limitation of confidentiality obligations; Restraints of trade provision.

  • Servicers Proactive on Contacts. Cornwell, Ted // National Mortgage News;6/18/2007, Vol. 31 Issue 38, p21 

    The article reports on the efforts of financial companies to contact more delinquent and defaulted borrowers to keep these borrowers in their homes or avert foreclosure with a loss mitigation solution. Financial executives have stressed that these actions have incremental impact on their...

  • Fund or fee -- friend or foe? Matthews, Trevor // Money Marketing;6/16/2005, p30 

    Comments on the debate over the best way to remunerate financial advisers in Great Britain. Importance of restoring trust in ensuring the interests of all parties, customers, advisers and providers properly taken account of; Insights of the author about his experiences in helping advisers build...

  • WHO TAKES ADVANTAGE OF RETIREMENT BENEFITS?  // Workforce Management;Feb2012, Vol. 91 Issue 2, p0017 

    The article discusses issues related to retirement benefits programs. It has been stated that union employees have greater access to retirement benefits than nonunion employees and people having higher income level are more likely to participate in retirement benefits programs. According to an...

  • miscellany.  // Labor Law Journal;May87, Vol. 38 Issue 5, p321 

    Presents news briefs related to labor policy in the United States. Information on the U.S. Department of Labor Secretary William Brock's speech on work and family life at the April 1987 National Conference on Work and Family in Washington D.C.; Highlights of a U.S. Bureau of Labor Statistics...

  • A Race Against Boomers' Time. Sharry, Jack // On Wall Street;Sep2005, Vol. 15 Issue 9, p61 

    Stresses the need for the U.S. financial services industry to learn new ways in assisting the baby boomers generation in planning their retirement. Trends in the retirement plans of the boomers; Evidences which show that the industry is not yet prepared to address retirement-income issues;...

  • Sheriar Bradbury: Learn to differentiate your offering.  // Money Marketing (Online Edition);3/19/2013, p23 

    The author discusses the need for financial advisers to be more accountable and knowledgeable on the services that they offered to clients following the implementation of the Retail Distribution Review (RDR) in Great Britain in 2013. He warns advisers to be prepared on the questions that their...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics