The percentage of U.S. workers who participate in their employers' retirement plans slipped slightly in 2012, according to a report by the Employee Benefit Research Institute.
Despite the tax savings and long-term benefits of stashing pre-tax income in retirement plans, the majority of workers fail to take advantage of employer-sponsored programs, such as 401(k) accounts, the report said.
The 39.4 percent participation rate in 2012 was a slight decrease from a 39.7 percent rate a year earlier, the group said.
Government employees were much more likely to participate, with 71.5 percent contributing to their retirement plans, the report said.
Those less likely to participate were younger, nonwhite or unmarried or had lower education levels, the report said. Also, those with lower income levels or health problems were less likely to participate. Women participated at lower rates than men, the report said. Latinos born outside the United States had "substantially lower" levels of participation, the report said.