Employers sponsoring 401(k) plans are worried about employeesÂ’ retirement readiness even as account balances hit all-time highs, according to a new survey from Deloitte.

Only 12% of plan sponsors feel that most of their employees are or will be financially prepared for retirement, down from 15% who felt so a year ago. The vast majority of sponsors (70%) feel that only some of their employees will be prepared.

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