Low participation rates in 403(b) plans — in particular plans in the public education K-12 market segment — is generating concern among employers. Recent studies have not provided specifics of current participation rates in that sector, but individual employers are reporting that it is not uncommon to see 18-20% participation rates. In this week’s MarketBeat, Ellie Lowder discusses why the industry needs to change that, and offers suggestions as to how.
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