For advocates of the 401(k) retirement plan, there is good news: About 70% of America’s private-sector employees are now able to access it, compared to 60% 10 years ago, according to the latest data from the U.S. Labor Department.
But even as access rises, a significant part of the workforce, 40%, isn’t saving enough for retirement, according to research by Boston College’s Center for Retirement Research, compiled by the Wall Street Journal.
