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COPYRIGHT 2005 San Antonio Express-News
Byline: Aissatou Sidime
Nov. 28--Hispanic workers participate in company-sponsored retirement plans at much lower rates than other ethnic groups, according to a new study.
About 29 percent of Hispanic workers contributed to employer-sponsored savings plans in 2004 compared with 53 percent for whites and 46 percent for blacks, according to a report by the Employee Benefit Research Institute.
The lower participation rate is due partly to first-generation Hispanic workers who are the least likely to save of all groups.
But experts say all Hispanic workers face a lack of experience with retirement options, generally lower incomes and a tendency to work for employers who don't...
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