Latinos are the fastest-growing segment of the U.S. workforce but are also among the least inclined to take advantage of employer-sponsored retirement plans, and that poses problems for plan providers.
The demographics say the Latino 401(k) market should be big business for plan providers. Yet the Latino population remains elusive, sitting on the sidelines more than whites or Asians when such plans are offered, and dipping into their 401(k) for loans, which significantly reduces their retirement savings.
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