PLANSPONSOR - August/September 2018 - 38

SEE
HOW
THEY
SAVE
P
38 PLANSPONSOR.com August-September 2018
Art by Linda Yan
2018 PLANSPONSOR PARTICIPANT SURVEY
What motivates
participant decisions?
lan sponsors' intent when creating a defined contribution (DC) plan is to provide a vehicle that will help
participants accumulate savings for their future retirement. During a participant's career, he will likely
encounter many plans, guided by a variety of employers, advisers and service providers, all who are working
toward a similar goal-but it is the participant who ultimately determines his own retirement success.
To gain insight into the drivers behind participant retirement plan decisions, the PLANSPONSOR
Participant Survey, now in its fifth year, delves into participant behaviors and preferences to see how attitudes
have evolved. Plan sponsors received a few affirmations in the results: Defined contribution (DC) plans
continue to be viewed as a major benefit. Fifty-nine percent of respondents would rather work for a company
that has a DC plan but pays 10% less than for a company that does not have a DC plan but pays 10% more.
Participants process information differently. When asked how they want to learn about saving for retirement
and were given five possible channels, not one of the five was selected more than 30% of the time, and
even the lowest scoring option was selected by one in eight people. Plan sponsors should not assume that any
one strategy will work for everyone; rather, multiple strategies work.
This year, more respondents reported living " day to day " and said they do not participate or would not
participate in a retirement plan because they are not comfortable investing in the stock market or because
they are paying down debt-perhaps a confirmation of the industry movement toward more financial wellness
programming. Not surprisingly, respondents were clear as to the important role their employer plays
when it comes to their saving for retirement and obtaining health insurance. -PS
S

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PLANSPONSOR - August/September 2018

Table of Contents for the Digital Edition of PLANSPONSOR - August/September 2018

Getting Them Back on Track
2018 PLANSPONSOR National Conference
2018 Participant Survey
2018 Managed Account Buyer's Guide
Fund Change
New Interest in LDI Programs
Another Way to Save
PLANSPONSOR - August/September 2018 - C1
PLANSPONSOR - August/September 2018 - FC1
PLANSPONSOR - August/September 2018 - FC2
PLANSPONSOR - August/September 2018 - C2
PLANSPONSOR - August/September 2018 - 1
PLANSPONSOR - August/September 2018 - 2
PLANSPONSOR - August/September 2018 - 3
PLANSPONSOR - August/September 2018 - 4
PLANSPONSOR - August/September 2018 - 5
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PLANSPONSOR - August/September 2018 - 12
PLANSPONSOR - August/September 2018 - 13
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PLANSPONSOR - August/September 2018 - 18
PLANSPONSOR - August/September 2018 - 19
PLANSPONSOR - August/September 2018 - 20
PLANSPONSOR - August/September 2018 - 21
PLANSPONSOR - August/September 2018 - Getting Them Back on Track
PLANSPONSOR - August/September 2018 - 23
PLANSPONSOR - August/September 2018 - 24
PLANSPONSOR - August/September 2018 - 25
PLANSPONSOR - August/September 2018 - 26
PLANSPONSOR - August/September 2018 - 27
PLANSPONSOR - August/September 2018 - 2018 PLANSPONSOR National Conference
PLANSPONSOR - August/September 2018 - 29
PLANSPONSOR - August/September 2018 - 30
PLANSPONSOR - August/September 2018 - 31
PLANSPONSOR - August/September 2018 - 32
PLANSPONSOR - August/September 2018 - 33
PLANSPONSOR - August/September 2018 - 34
PLANSPONSOR - August/September 2018 - 35
PLANSPONSOR - August/September 2018 - 36
PLANSPONSOR - August/September 2018 - 37
PLANSPONSOR - August/September 2018 - 2018 Participant Survey
PLANSPONSOR - August/September 2018 - 39
PLANSPONSOR - August/September 2018 - 40
PLANSPONSOR - August/September 2018 - 41
PLANSPONSOR - August/September 2018 - 2018 Managed Account Buyer's Guide
PLANSPONSOR - August/September 2018 - 43
PLANSPONSOR - August/September 2018 - 44
PLANSPONSOR - August/September 2018 - 45
PLANSPONSOR - August/September 2018 - 46
PLANSPONSOR - August/September 2018 - 47
PLANSPONSOR - August/September 2018 - Fund Change
PLANSPONSOR - August/September 2018 - 49
PLANSPONSOR - August/September 2018 - New Interest in LDI Programs
PLANSPONSOR - August/September 2018 - 51
PLANSPONSOR - August/September 2018 - Another Way to Save
PLANSPONSOR - August/September 2018 - 53
PLANSPONSOR - August/September 2018 - 54
PLANSPONSOR - August/September 2018 - 55
PLANSPONSOR - August/September 2018 - 56
PLANSPONSOR - August/September 2018 - C3
PLANSPONSOR - August/September 2018 - C4
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