George W. Braun Quoted in SHRM Article, 'Highest-Ever Average 401(k) Balances Reported'
Monday, November 12, 2012
Pepper partner George W. Braun was quoted in the November 12, 2012 online issue of Society for Human Resource Management in the article "Highest-Ever Average 401(k) Balances Reported."
“The report’s findings are consistent with the continuing movement over the past decade toward employers providing retirement benefits via defined contribution 401(k) plans rather than defined benefit pension plans, ” said George Braun, a partner in the employee benefits group of law firm Pepper Hamilton, in a comment to SHRM Online. “As employers stopped or cut back on providing pensions for their workers, they put more emphasis on helping employees build 401(k) accounts, including both higher employer contributions and more retirement and investment planning and education for employees.”
The article is available online at http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/401k-balances-auto-features.aspx.