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April 24, 2009 at 08:00 PM
Most U.S. workers expect 401(k) plans or other employer-sponsored plans to help get them through retirement, according to Employee Benefit Research Institute researchers.
Researchers at EBRI, Washington, have drawn statistics concerning the importance of employer-sponsored plans in a note based on the data in the 2009 Retirement Confidence Survey report.
About 42% of workers expect an employer-sponsored retirement savings plan to be a major source of income when they stop working, while only 32% expect Social Security to be a major source of retirement income, and only 28% are counting on pension income.
