“The benefits of participation in a DC plan – especially, the reinforcement of effective planning – clearly build over time,” Castille said. “We need to get employees into the DC system as early as possible, and do whatever helps to sustain their active engagement and build their retirement confidence with a program throughout their working years.”Going forward, workers have big expectations for their DC plan: 48 percent expect their plan to be their number one source of monthly retirement income, compared with just 17 percent who expect a pension plan to fill that role.
BlackRock Releases National Retirement Survey
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