U.S. Businesses Play Pivotal Role in Preparing Workers for Retirement, According to Wells Fargo

Wells Fargo press release ---------- A new report from Wells Fargo Institutional Retirement and Trust details the specific features of a well-designed 401(k) plan that are most effective in helping employees amass the savings they need to replace 80 percent of their income in retirement. For the report, 2018 Driving Plan Health, Wells Fargo Institutional Retirement and Trust analyzed more than 2,000 401(k) plans representing more than 4 million eligible employees in a range of industries. The company found 16 features that are most effective — and “high influence plans” use a combination of the 16 to launch employees on the path to replace 80 percent of their pre-retirement income once they retire. To learn more click on the picture below to read the release.