A survey conducted by the 401(k)-platform, Guideline, found that while employers and employees both agree that retirement benefits are valuable, some companies underestimate their value in retaining and recruiting employees.
While 93% of participants in the survey note that a retirement benefit would influence their decision to join a company, only 36% would rank retirement benefits within their top three most valuable features.
When asked about their top five employer benefits, 81% of employees placed retirement as a leading feature. However, 62% of plan sponsors did the same.