Why is it important to protect the American retirement system?
Nearly 80 million American workers participate in employer-sponsored retirement plans, including 401(k) plans.
401(k) plans primarily benefit the middle class, with 68 percent of participants making less than $100,000 per year. 401(k) plans also significantly increase a working American’s likelihood to save, plan participants making less than $50,000 are 12 times more likely to save for retirement at work.
Through the retirement plan system, Americans can prepare for a safe and secure retirement.