401(k) progress "insufficient": Hewitt

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US - More workers are enrolling in 401(k) plans and investing their money more wisely, but companies must take further action for such plans to continue to play a crucial role in retirement savings, a Hewitt Associates study has found.

Hewitt’s annual study of over 2.6 million employees eligible for 401(k) plans found approximately 36% of workers with less than one year of tenure participated in a 401(k) plan in 2005, up 6 percen...

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