The US Department of Labor issued a newsletter January 28, 2016 which says in part:
One out of three workers does not have access to a retirement savings plan. That’s one reason we are proposing a new program that will provide grants to states and nonprofits to test innovative, more portable approaches to providing retirement and other benefits that will help workers in an ever-changing economy.
That simply is not true. Have you heard of an IRA, or how about myRA ( I forgot, myRA is run by the Department of the Treasury) or Roth IRA because apparently the DOL hasn’t.
Just what we need more plans, more confusion and still missing the point why people don’t save. Better check with the states DOL, they are going off in their own direction too.