Workers appreciate help when it comes to retirement planning
It’s likely that chefs, tree trimmers, truck drivers, florists, and other workers all have one thing in common: They need to plan for retirement and probably would appreciate some help in doing it.
When it comes to being ready for retirement, it’s not uncommon for employees to feel lost. The Consumer Benefits and Insights Research survey from Voya Financial survey shows that only 55 percent of Americans say they are very or somewhat prepared for retirement. When employees have somewhere to turn for guidance, however, they are much more likely to be prepared to retire. The survey found that:
- 81 percent of those who receive investment guidance are likely to report feeling very or somewhat prepared for retirement, compared to 47 percent of those who do not receive investment guidance.
- 91 percent of individuals who have a financial advisor are likely to say they are very or somewhat prepared for retirement as opposed to 48 percent of those without a financial advisor.
Offering support
To help workers get ready for retirement, employers can give them opportunities to learn how to prepare and options that can boost their savings:
Education: Offer information about saving for retirement in both personal and digital formats. General information on your retirement options can be shared at employee meetings, through lunch-and-learn sessions, or via articles and videos shared on your intranet. Information could be presented by a representative from your retirement benefits provider or your human resources benefits specialist. If your retirement benefits provider offers the opportunity for one-on-one sessions, make sure employees know how to sign up. In addition, publicize the availability of retirement calculators or other tools that are available on your retirement plan website.
Auto-enrollment in a retirement plan: Retirement plans are a common workplace benefit; 93 percent of employers offer a traditional 401(k) or similar retirement savings plan, according to the 2025 Employee Benefits Survey from the Society for Human Resource Management (SHRM). However, only 51 percent of employers automatically enroll new or existing employees. Auto-enrollment makes it easier for workers to enter the plan, as the employer automatically deducts retirement savings from their pay unless they opt out of the plan or decide to contribute a different amount. If employees want to stay with the employer’s deferral rate, they don’t need to do anything.
Automatic increases: Employees may choose to increase their retirement contribution by a certain percentage each year, allowing them to build their retirement savings without thinking about it. According to the SHRM survey, 27 percent of employers automatically escalate salary deferral amounts.
Matching contributions: One way to help employees build retirement savings is to match their retirement contributions. Many employers offer this benefit; the SHRM survey found that 85 percent make contributions to traditional employee 401(k) plans and 74 percent contribute to Roth plans. The average maximum percentage match is about 6 percent.
Key to remember: By providing information and making it easy to build a retirement savings account, employers can help workers feel more prepared for retirement.























































