A recent study highlights the significant impact of engagement on 401(k) savings, with active participants saving far more than those who aren't involved in their retirement planning. According to Empower's research, engaged individuals contribute 56% more to their retirement accounts, and those actively participating in their plan's resources save even higher amounts. 

These engaged savers are also more likely to fully utilize their employer's match, with 22% of them missing out compared to 48% of disengaged participants. The study also shows that those who consolidate their financial accounts or seek advice tend to save nearly twice as much as their less engaged peers. 

With fewer workers feeling confident about making investment choices, many are turning to financial professionals, which boosts their confidence in securing a comfortable retirement. Despite facing inflation and economic uncertainties, a majority of Americans remain optimistic about their long-term financial future, although short-term financial concerns have shifted their focus from retirement goals to immediate needs.