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The Mercer Workplace Survey is a proprietary research program conducted for Mercer’s Outsourcing business to track employee attitudes toward, and experiences with, employer-sponsored retirement, health and benefits programs. The series was launched in the spring of 2003 and draws on studies trended back to the spring of 2001.
These findings are based on a national cross-section of active 401(k) participants defined as those currently contributing to a 401(k) plan irrespective of balance or having a 401(k) balance of $1,000 or more with their current employer whether or not they are currently contributing.
Eligible non-participants and those only holding balances at previous employers are not included in this research. Respondents are also required to be enrolled in their employer’s health plan. Online interviews were completed with 1,502 participants between May 27 and June 15, 2010.
Despite their expectations of better economic times ahead for the world at large, participants aren’t yet internalizing the good news. For most, 2010 remains a period of caution bordering on anxiety, punctuated by employment insecurity. Concern over inadequate retirement savings is up and participants’ expectations for how much of their working income they will be able to replace in retirement is down. These fears are amplified among older workers, most of whom realize they are running out of time. In fact, most workers 50 or over are considering delaying retirement, up from 2008.
You can download a PFD of our executive summary with more information on the right side of this page.