American workers are increasingly satisfied with their employer-sponsored retirement plans, but less so with their health benefits, a trend employee benefit advisers should heed when working with employers on benefit packages, particularly those geared toward employee attraction and retention.
Two-thirds (67%) of 5,070 full-time employees surveyed by the international benefits firm Towers Watson say they are satisfied with their employer-sponsored retirement plans, including defined benefit and 401(k) plans. Thats a jump of 13 percentage points since 2009, with much of the increase concentrated among younger employees and those with DB plans. The number of employees satisfied with their health care benefits, however, has declined from 69% in 2007 to 59% in 2013. The downward trend is most pronounced among older workers, those in poor health and those enrolled in high-deductible health plans.
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