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Who holds the keys to the kingdom, really? DC plan participants believe they would have more retirement savings if their employer had done everything possible to help them. Help your clients get insight into what participants think about workplace savings plans and the expectations they have of their employers about saving for retirement. Hear more about the high expectations participants have of their employers to help set a positive direction.
View the video to review findings from our 4th national survey of DC Plan Participants and gain insight into their mindset.
Employers have abundant opportunities to structure plans that drive more effective and efficient retirement preparations for their employees.
Employees are looking to their employers for answers. Review high-level results from the 4th annual national survey of DC plan participants.
The survey was conducted between February 23 and March 7, 2016. Respondents included full-time workers between 25 and 65, currently participating in their employer's retirement plan, intending to retire at some point and not working for the government. A total of 1,504 respondents completed the survey. The data was weighted to reflect the makeup of key demographics (gender, income, and education) among all American private sector plan participants between the ages of 25 and 65 (according to estimates from the 2012 U.S. Consumer Population Survey).
Percentages in the tables and charts may not total to 100 due to rounding and/or missing categories.
Data collection and analysis were completed by Mathew Greenwald and Associates of Washington, D.C.
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.