Filed Under:Markets, Employee Benefits

Workers misinformed about 401(k) contribution limits

Workers perceive a drop in the maximum amount they can defer from income taxes by contributing to a 401(k).
Workers perceive a drop in the maximum amount they can defer from income taxes by contributing to a 401(k).

Workers plan to contribute less to their 401(k) retirement accounts in the year ahead relative to 2012, new research shows.

Brightwork Partners LLC discloses this finding in “Mercer Workplace Survey 13,” the product of proprietary research conducted for Mercer’s U.S. Benefits Administration business. Tracking employee attitudes toward, and experiences with, employer-sponsored retirement, health and benefits programs, the survey is based on responses from active 401(k) plan participants.

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Nichole Morford

Nichole Morford
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