Implementing automatic enrollment and auto-escalation in 401(k) plans is a start in the effort to push employees to prepare for retirement, but it may not be enough.

Participants also need help planning how to mete out their savings after they retire, and for that, sponsors should consider adding annuity products to their defined contribution (DC) plans, according to a paper published by the investment consulting division of Arlington, Va.-based Watson Wyatt Worldwide.

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