10/15/2015 – How companies are making employees save for retirement (Forbes)

Oct 15, 2015 Comments Off by

With company-sponsored pensions now mostly a thing of the past, businesses are trying to force their workers to put more of their money into 401(k) plans. To do that, some companies are inching up the percentage of new hires’ salaries that are automatically placed into retirement accounts. In the past, 3% was the default amount to deduct from employees’ paychecks for 401(k) savings. But in 2014, 39% of company plans deducted more than that from workers’ salaries, up from 27% of plans in 2005, according to Vanguard data cited by The Wall Street Journal

Read the full article in Forbes.

Financial Landing 2015

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