Moslander pointed out that many eligible workers still do not participate in their DC plans, and those that do often have a difficult time saving the 10% to 15% of their annual income that most financial experts agree is necessary to achieve a secure retirement.
http://www.plansponsor.com/NewsStory.aspx?id=6442491315According to McCarthy, participants need help understanding a range of financial topics—from the most basic information about how to enroll in their plans and how much they should save to more complex topics such as proper asset allocation and retirement income planning.
It's clear that basic investor education is desperately needed and experts agree, but we never see anything actually being done.
Paul