LIVONIA, Mich., Sept. 09, 2025 (GLOBE NEWSWIRE) — Often lacking the same resources and support needed to effectively save for their future, non-salaried workers cite significantly lower employee-sponsored retirement plan (ESRP) mean account values compared with salaried workers. According to a new report from Cogent Syndicated, hourly workers report $123K in ESRP assets and gig workers report $176K while their salaried counterparts report $222K. This gap represents a significant need for increased education and guidance for non-salaried workers, especially as legislative efforts to expand access to retirement plans for these populations continue to gain momentum.
These findings come from the latest DC Participant Planscape™ report from Cogent Syndicated by Escalent, which is designed to help DC plan providers maximize participant contributions, enhance engagement and attract rollover dollars. This year, the study introduced a new income type segmentation to explore the different needs of salaried, hourly and per project “gig” workers.
The disparity seen amongst these segments can be tied not only to a lack of access to ESRPs but also to a lack of understanding and confidence in navigating the retirement planning landscape. Both hourly and gig workers are notably more fearful of losing money, 52% and 51% respectively, compared with salaried employees (46%). Just one-third (35%) of hourly workers expressed feeling confident …