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DC plan participants continue to express regret over past savings habits, and still look to their employers for savings guidance. Retirement professionals and plan sponsors have a great opportunity to influence employees’ ability to retire through effective plan design. According to our survey, that's what employees want too.
Employees want automatic features that they believe will help them start sooner and save more. Vice President Diane Gallagher reviews survey highlights in the video below.
Review all of our Defined Contribution research and insights.
Dive into the survey findings to better understand participants’ retirement perceptions. Includes Q&A.
The survey was conducted between July 27 and August 3, 2017. 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.