Large retirement plan sponsors are persuading a higher percentage of employees to join the plans.
The percentage of large 401(k) plans with participation rates over 80% has increased to 44%, from 28% 3 years according, according to Diversified Investment Advisors Inc., Purchase, N.Y.
The retirement plan investment advisory firm commissioned a survey of 279 retirement benefits administrators at U.S. employers with 1,000 or more employees.