One in three U.S. workers is a millennial, according to U.S. Census Bureau data. Although two-thirds work for an employer that offers a retirement plan, only one-third of millennials participate in those plans. We talk to Erica Bonser, Director of Marketing at Alliance Benefit Group Rocky Mountain, and a millennial herself, about the underlying reasons for this lack of retirement plan engagement and what more can be done to encourage millennial participation.
The retirement debate is taking shape around several important topics as we get closer to the 2020 Presidential Election. We explore two important topics that are sure to be discussed by the presidential candidates in the coming months. In addition, Congress recently passed a groundbreaking retirement reform bill known as the SECURE Act. We provide a useful overview of the significant changes for retirement plans that the Act introduces.
Lastly, we update you on the latest ABG news, provide tips on useful reminders for participants as they move forward in the new year, and provide highlights on the legislative front. We hope you find this issue informative. As always, your ABG representative is available to answer any questions you may have.
Thomas E. Seitz
Pension Corporation of America
Member of the Alliance Benefit Group, LLC.