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State mandated IRAs: How they encourage employers to start 401(k ) plans

For many Americans, saving for retirement starts with having an employer-provided plan, especially one that you’re automatically enrolled in with payroll deductions.
The problem: nearly half of US private-sector workers–roughly 57 million people–don’t have access to an employer-sponsored pension, such as a 401(k). At least in some states, though, help may be on the way. ....

United States , New York , New Jersey , Retirement Savings , Individual Retirement Account , Angelam Antonelli , Employer Plans , Private Sector Workers ,

State-mandated IRAs: How they encourage employers to start 401(k) plans

For many Americans, saving for retirement starts with having an employer-provided plan, especially one that you’re automatically enrolled in with payroll deductions. The problem: nearly half of US private-sector workers–roughly 57 million people–don’t have access to an employer-sponsored pension, such as a 401(k). At least in some states, though, help may be on the way. ....

United States , New York , New Jersey , Retirement Savings , Individual Retirement Account , Angelam Antonelli , Employer Plans , Private Sector Workers ,