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2018 Defined Contribution Plan Participant Survey Findings
08/06/2018
Catherine Peterson
Turning retirement resolutions into reality
Our 2018 survey finds that although DC plan participants are making progress
and gaining confidence overall, more work is needed to:
Understand the state of the participant
Assess participants' confidence in their ability to plan for retirement.
ONLY 52%
expect to retire when they want and/or with enough savings to last throughout their lifetime.
Motivate participants to save
Help participants overcome intertia by putting them on the right path from the start.
78%
of participants support a combination of automatic enrollment and automatic contribution escalation.
Streamline investment decision-making
Simplify investing to improve retirement outcomes.
99%
of participants who have gone through a re-enrollment and allowed funds to go into a TDF are satisfied.