Plan sponsors are keeping all options open in a quest to help participants build emergency savings.
A proposal to tackle financial illiteracy among retirement plan participants has drawn industry skepticism.
The U.S. ranked 16th globally in retirement security, up one spot from last year.
Just over 70% of employers are confident employees will be able to achieve financial security in retirement vs. only 62% of employees.
Some employers offers student debt repayment assistance as a way to attract and retain employees, but the benefit remains quite rare.