Gaps in Retirement Savings Based on Race, Ethnicity and Gender

This document is Aon's testimony on gaps in retirement savings based on race, ethnicity and gender. It outlines eight action areas focused on employer-sponsored retirement programs that can help improve outcomes, including greater support for short-term financial needs, emergency savings through retirement plans, Roth defaults for automatic enrollment, non-elective contributions, automatic backsweeps, new programs to expand accessibility, incentives for lifetime income, and simplified education and personalized support.