Financial professionals and employers have to do more to make low-income and moderate-income workers aware of the little known “Saver’s Credit.”

The Transamerica Center for Retirement Studies, Los Angeles, an arm of AEGON N.V., The Hague, Netherlands, is trying to spread that message in a summary of results from a recent survey of 2,482 U.S. adults ages 18 and older, including 316 adults who qualify to use the Saver’s Credit, which officially is known as the “Retirement Savings Contributions Credit” or the “Credit for Qualified Retirement Savings Contributions.”

Only 16% of all U.S. adults have heard of the credit, and only 9% of the U.S. adults who appear to meet the credit’s income eligibility requirements have heard of it, according to Transamerica Center researchers.

The credit program provides a credit of up to $1,000 per year for individuals and $2,000 per year for joint filers who have low or moderate incomes and make eligible contributions to 401(k) plans, 403(b) plans, 457 plans or traditional individual retirement accounts.

The current income limit for the credit is $25,000 for single individuals, $37,500 for single heads of households, and $50,000 for couples filing a joint return.

One barrier to increasing awareness is that Form 1040EZ, the tax form used by many low-income and moderate-income individuals, does not mention the tax credit, Transamerica Center researchers report.