Here's What Americans Think About Being Forced to Save by Employers

When it comes to saving for retirement, most Americans don't mind a little nudge from their employer. In fact, a recent survey finds many of them actually welcome it. In its fourth annual national survey of plan participants, American Century found that most participants believe they would have more if their employer had done everything possible to help them save. 'They are looking to their employers to help them along that path so its saving at a higher percentage, starting at six percent and creeping them up every year as well,' said Diane Gallagher, vice president of practice management at American Century Investments. 'They are really looking for help on their saving habits.' 70 percent of those surveyed believe automatic enrollment at six percent is something employers should do and over 50 percent feel automatic enrollment should be implemented retroactively. Two thirds of those surveyed feel more positive about a company that offers automatic enrollment, automatic increase and target-date investments over a company that does not.