Key findings from the study are highlighted here and illustrated below. You can also view the entire 2012 Workplace Benefits Report for a closer look at the availability, usefulness and perception of today's financial benefit plans revealed through this study.
"Employers who effectively leverage their financial benefit plans as a talent management tool will be better positioned to compete in the global marketplace."
~ Kevin Crain Head of Institutional Retirement & Benefit Services
Understanding the ever-evolving retirement landscape is a top priority for Bank of America Merrill Lynch. With this added depth of knowledge, we are able to develop solutions that empower plan sponsors to stay ahead of the curve while also helping meet the varied needs of their plan participants.
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Boston Research Group interviewed a national sample of 1,000 employers of all sizes and 1,000 employees from January 2012 through March 2012 on behalf of Bank of America Merrill Lynch. To have qualified for the survey, employers must offer an active 401(k) plan and employees had to be enrolled in a 401(k) plan.