A Lack of Retirement Info

Does your employer help you much with your retirement planning? Transamerica Center for Retirement Studies' 19th annual retirement survey found that while 64 percent of workers overall are confident they will be able to retire with a comfortable lifestyle, only 18 percent are “very confident.”

That may be, in part, because plan sponsors don't do enough to assist their employees with retirement transition. The organization found that few plan sponsors provide things like:

• Educational resources (30 percent)
• Information about distribution options (28 percent) 
• Retirement planning materials (25 percent) 

Moreover, 22 percent of plan sponsors say they do “nothing” to help employees transition their savings and finances into retirement, with 26 percent of small companies saying this compared with only 7 percent of both medium and large companies.