Posted on 04 October 2012
By Mark Miller
Numerous surveys show that U.S. workers are deeply pessimistic about their ability to save enough for a secure retirement. But it turns out their bosses are pretty worried, too.
A survey of 401(k) plan sponsors released on Wednesday by consulting firm Towers Watson shows that only one in five respondents think employees make informed decisions about their retirement savings. Only 26 percent believe their employees have realistic expectations about what a defined contribution plan can provide, and nearly half expect a growing number of their older workers to delay retirement, the survey showed.