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FACT OF THE WEEK
 

2 out of 3 private sector workers have access to employer-provided retirement plans

Among workers employed in private industry, 66% "had access to employer-provided retirement plans in March 2016. Having access means employers offered the benefit, regardless of whether employees chose to participate. 49% of private industry workers participated in retirement plans in March 2016. That results in a take-up rate--the percentage of workers with access to a plan who participate in the plan--of 75%," according to a 2017 analysis of National Compensation Survey data by the Bureau of Labor Statistics.
       
 
 
         
Bureau of Labor Statistics. (2017). Higher paid workers more likely to have access to retirement benefits than lower paid workers. The economics daily. Washington, DC: U.S. Department of Labor. Retrieved from this source.
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