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Extreme Retirement Makeovers in the Forecast

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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Many employees expect revamped retirement plans by the end of 2007. A survey of 146 companies found that by the end of the year businesses are likely to offer:

Automatic registration of employees into 401(k) plans (58%). Third-party investment advisory services (43%). Contribution escalation options (34%). Introduction of a Roth 401(k) (11%).

Source: Hewitt Associates, www.hewitt.com .