The State of the 401(k) A Limited Reach
A recent report from the Government Accountability Office describes two Americas gearing up for retirement. Among the top half of earners, the option to save in a tax-advantaged 401(k) or similar program at work is commonplace. Lower earners are less likely to be offered a plan or to contribute to one if they are. The report also calculates the effect that low pay and limited access to retirement plans will have on those workers decades from now.