Report: More firms are providing retirement plans than in 2007

04/1/2013 | BenefitsPro.com

Retirement plans including 401(k)s were offered by 82% of employers in 2012, up from 72% in 2007, according to a report from the Transamerica Center for Retirement Studies. During the recession, 77% of those with a chance to participate in a workplace-sponsored retirement plan did so, the report said. Reported household retirement savings rose during the period, but fell short of the level needed, according to the report. Millennials had the biggest jump in retirement savings, at 77%, while baby-boomer savings rose 33% and Generation X savings were up by 30%, according to the report.

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