Employers: The Retirement Security Challenge

Employers: The Retirement Security Challenge explores the vital societal role that employers play in helping workers achieve long-term financial security. It examines employers’ perspectives, age-friendly business practices, and employee benefit programs that enable employees to work, save, and transition into retirement. 

At a time, when fewer than one in five workers (18%) are very confident they will be able to fully retire with a comfortable lifestyle and a similar percentage of employers (17%) are very confident that their employees will be able to achieve a financially secure retirement, this research report highlights opportunities for employers to do more to help their employees prepare for retirement.

As part of its 19th Annual Retirement Survey, Transamerica Center for Retirement Studies surveyed more than 1,800 employers of for-profit companies with five or more employees to gain insights into how they are supporting their employees. The survey findings are presented in aggregate and by company size, including small (5 to 99 employees), medium (100 to 499 employees), and large companies (500+ employees). The study also provides comparisons to TCRS’ survey of workers.