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May 01, 2007 at 09:35 PM
Employees at large employers feel better about retirement than employees at smaller employers, but they may have similar gaps in financial literacy.
Researchers at the Transamerica Center for Retirement Studies, Los Angeles, an arm of AEGON N.V., Netherlands, have published data supporting that conclusion in a summary of results from one recent survey of 659 owners of U.S. businesses with 10 or more employees and a second survey of 1,402 Americans ages 18 and older at U.S. employers with 10 or employees.
The researchers defined “small company” as a company with 10 to 499 workers and “large company” as a company with 500 or more workers.
The workers at large companies were far more likely to say they believed they are “building a large enough retirement nest egg.”
