Retirement Savers to Employers: Help Me Save More

By Diane Gallagher - August 21, 2018

Advisors and plan sponsors have the power to help employees start earlier and save more for retirement. How? With effective plan features that investors of all ages say they want and need from an employer’s retirement plan.

That’s one key finding from our latest research that can help retirement advisors in their practices. Let’s explore others.

Retirement Is a Priority; Regret Still Rules

Results from our sixth annual national survey of retirement savers1 reinforce what we’ve heard in the past. They reveal perceptions about saving, retirement plans, and the regret investors feel about past savings habits. In fact, responders named “not saving enough” as their biggest personal regret—even over not being a better person.

#1 Regret: Not Saving Enough

I Could Have Saved More

Regret is also tied to investors’ realization that they could have saved more—especially in their first five years of working. Still, there are obstacles that have and continue to keep them from saving more.

Save More!  The Message Younger Workers Would Tell Their Younger Selves

Employers Play an Important Role

Workers also continue to support automatic plan features and investing options. This is valuable information for employers as they consider ways to improve retirement outcomes.

75% Want a Slight to Strong Nudge from Their Employers

7/10 Show an Interest in Holistic Advice

More Insight About Retirement

I’ve highlighted some key results from our research. There’s more in the complete findings to inform plan sponsors and their consultants as they design compensation and benefits packages.

Diane Gallagher
Diane Gallagher

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Contact an American Century Investments representative at 1-800-345-6844 to obtain a copy of the full report.

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      1Survey Methodology: The survey was conducted by Mathew Greenwald & Associates on behalf of American Century Investments in May 2018. Survey included 1,501 full-time individuals between 25 and 65 saving through their employer’s retirement plan and/or an Individual Retirement Account (IRA). The data was weighted to reflect the makeup of key demographics (gender, income, and education) among all American private sector investors between the ages of 25 and 65 (according to estimates from the 2012 U.S. Consumer Population Survey).

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.