NU Online News Service, June 6, 4:25 p.m. – Diversified Investment Advisors Inc., Purchase, N.Y., says employers who participated in a recent survey it sponsored expect employees to contribute more to retirement savings programs as a result of the new Economic Growth and Tax Relief Reconciliation Act.
Researchers polled more than 200 U.S. human resources and benefits administrators about their views on the act, which will raise the current limits on retirement plan contributions.
Two-thirds of the survey participants predicted employees now participating in retirement savings plans would contribute more to the plans to take advantage of the new limits.