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The Boston Globe

Business

Fidelity, others testify at Senate hearing on workers’ retirement savings

At a committee hearing Thursday on Americans saving for retirement, US Senator Elizabeth Warren asked a panel of experts, including a Fidelity Investments executive, what could be done to encourage more employers to offer 401(k) and other plans.

“On the one hand we could require the employers to participate,’’ said Warren, a new member of the Senate Health, Education, Labor and Pensions Committee. Or, she asked, are there incentives that could encourage small businesses and others to offer their workers retirement plans.

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