When it comes to retirement planning, minority workers lag quite far behind the rest of the American population, according to the Employee Benefit Research Institute’s (EBRI) “2007 Minority Retirement Confidence Survey,” yet they feel just as confident about their retirement security.

“Many minority workers are neglecting the most basic step in preparing for retirement: Saving money,” the survey, which was released in June, noted.

Regardless of their income level, 39% of African-Americans and 22% of Hispanics are more likely than workers overall to say that a traditional defined benefit pension plan will be a major source of their retirement funding, while 41% of African-Americans and 38% of Hispanics are more likely than workers overall to think Social Security will play the predominant role in financing their retirement, the survey said.

While some differences in preparation and awareness can be attributed to differences in income between minorities and others, the survey also found that minorities are less prepared for retirement than other members of the population who earn the same amount.

EBRI conducted the survey between Jan. 2 and Feb. 8 2007 through 21-minute phone interviews with 500 African-Americans and 504 Hispanics aged 25 and older and living in the U.S.