Washington - Nearly three-fourths of workers participating in a retirement savings poll said that employers' matching contributions of up to 5 percent of their salaries would greatly influence their decision to join a savings plan at work.
In its Retirement Confidence Survey, the Employee Benefit Research Institute found that, in addition to matching funds, 65 percent of workers were more likely to join a company-sponsored retirement plan if the plan offered an investment option that automatically provided a more conservative allocation as their retirement date approached, while 56 percent said that they would join if the plan raised employee contributions by a fixed percentage when they received a raise.
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