Who’s Left Out of 401(k) Nation

Hispanics, part-timers, and millennials are the likeliest to have no access to a plan.

Only 45 percent of U.S. workers participate in an employer-sponsored retirement plan, according to the Pew Charitable Trusts.

Many don’t even have the option—one-third of U.S. workers aren’t offered a pension or 401(k)-style plan by their employers.

The Vulnerable

Groups with the highest percentages of workers without access to a plan:
Part-Timers: 56 percent, vs. 31 percent of full-timers without access
Hispanics: 55 percent, vs. 32 percent for whites and 36 percent for blacks
Millennials: 45 percent, vs. 30 percent of baby boomers and 35 percent of Gen Xers