How Does an Employee’s Attitude Toward Savings Affect Their Participation in Qualified Retirement Plans?
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Authors
Lewis, Marc B.
Issue Date
2018-03-23
Type
Other
Language
en_US
Keywords
Employee , Retirement plan
Alternative Title
Abstract
Qualified retirement plans provide employees with the opportunity to invest tax-free dollars into a retirement account and in some cases employers either match or contribute an additional percent to enhance participation. However, if an employee does not see the value in saving or investing, how does this effect their participation in employer sponsored qualified retirement plans? Utilizing a secondary data analysis, data from the Survey of Consumer finance will be analyzed in order to address employee attitudes towards savings and retirement and how this relates to their participation in their employer sponsored plans. How does an employee’s attitude towards planning and investing affect their ability to participate in employer-sponsored retirement plans?