Employer 401(k) Tips: Help Your Employees Save

The Wall Street Journal, approximately 50 million Americans have a 401(k) account with a total of about $2.5 trillion in assets. As the economy remains in the doldrums, some of these accounts are looking like they got dragged through the mud. Beyond the fact that most people do not save enough for retirement, pay high fees and tend to raid their accounts to pay bills or fight a foreclosure, the economy is taking its toll. Yet, with the assistance of plan participants and employers, these accounts can be tidied up in no time. Here are some ways to assist your employees in saving for the future by sprucing up their 401(k)s: