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Now more than ever, companies are turning to their 401(k) plan to help employees save for retirement, enhance corporate reputation, and contribute to the long-term financial success of the business, according to our survey of senior finance executives. Our research identifies a shared responsibility for the planýs success: employers are focusing more on plan design and employee education, while employees are becoming more active in managing their own financial futures.
This partnership between employer and employee is seen as important not only for ensuring the employee's financial well-being over the long term, but also for attracting and retaining a productive and motivated workforce.