401(k) contributions lagging, especially among millennials: BofA survey
The majority of eligible employees participate in 401(k) plans, but there's much room for improvement when it comes to how much they contribute.
Most American workers are indeed thinking about saving for retirement. They just aren’t putting their money where their minds are.
While the majority of eligible employees participate in 401(k) plans (58%, in line with 2020 and 2019), there's still room for improvement as 61% of participating e
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