PLANSPONSOR - August/September 2018 - 40

2018 PLANSPONSOR Participant Survey
DEMOGRAPHICS
Gender
l Female 49%
l Male 51%
Changed investment strategy
Calculated retirement income
Rebalanced account
Decreased deferral rate
FACTORS INFLUENCING PARTICIPANTS' ACTIONS
Actions taken in previous 12 months
Increased deferral rate
35%
19%
12%
12%
7%
Age
l <30
l 30 - 39
l 40 - 59
l >60
14%
43%
31%
12%
Primary determinant of current deferral rate
Maximum employer match
Other savings target
25%
19%
Maximum allowable contribution* 15%
Default rate
12%
Advice from spouse/friend/adviser 10%
Automatic escalation
All other reasons
10%
9%
Total Retirement Savings
l <$50,000
l $50,000 - $250,000
l >$250,000
*Currently $18,500 for most participants in 401(k), 403(b) and 457 plans.
31%
39%
30%
How participants prefer to receive financial wellness information
Meet with an adviser
Read email newsletter
Read short brochure
Browse online library
29%
22%
18%
17%
Attend 90-minute group seminar 14%
Most common reasons for not participating in plan
Living day to day
Employer Size
l <100 employees
l 100 - 499 employees
l 500 - 999 employees
l 1,000 - 5,000 employees
l >5,000 employees
Paying down debt
21%
23%
14%
18%
24%
Needing more information
Wary of investing in stocks
Saving for something else
Methodology
For our fifth annual Participant Survey, PLANSPONSOR partnered with online
market research firm Research Now. The online questionnaire was completed
between August 3 and 10 by 1,070 U.S.-based employees, ages 23 and older.
The resulting sample includes a mix of individuals with and without access to a
defined contribution (DC) plan and was balanced to capture meaningful totals
across key demographic attributes-i.e., gender, income, education, etc. The
margin of error of the aggregate results is estimated to be +/- 3%.
40 PLANSPONSOR.com August-September 2018
26%
25%
20%
15%
14%

http://www.plansponsordigital.com/plansponsor/august-september_2018/TrackLink.action?pageName=40&exitLink=http%3A%2F%2FPLANSPONSOR.com

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
PLANSPONSOR - August/September 2018 - 6
PLANSPONSOR - August/September 2018 - 7
PLANSPONSOR - August/September 2018 - 8
PLANSPONSOR - August/September 2018 - 9
PLANSPONSOR - August/September 2018 - 10
PLANSPONSOR - August/September 2018 - 11
PLANSPONSOR - August/September 2018 - 12
PLANSPONSOR - August/September 2018 - 13
PLANSPONSOR - August/September 2018 - 14
PLANSPONSOR - August/September 2018 - 15
PLANSPONSOR - August/September 2018 - 16
PLANSPONSOR - August/September 2018 - 17
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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https://www.plansponsordigital.com/plansponsor/january_february_2024
https://www.plansponsordigital.com/plansponsor/november_december_2023
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https://www.plansponsordigital.com/plansponsor/march_april_2023
https://www.plansponsordigital.com/plansponsor/december_2022_february_2023
https://www.plansponsordigital.com/plansponsor/october_november_2022
https://www.plansponsordigital.com/plansponsor/august_september_2022
https://www.plansponsordigital.com/plansponsor/june_july_2022
https://www.plansponsordigital.com/plansponsor/excellenceawards_2022
https://www.plansponsordigital.com/plansponsor/april_may_2022
https://www.plansponsordigital.com/plansponsor/february_march_2022
https://www.plansponsordigital.com/plansponsor/december_2021_january_2022
https://www.plansponsordigital.com/plansponsor/october_november_2021
https://www.plansponsordigital.com/plansponsor/august_september_2021
https://www.plansponsordigital.com/plansponsor/june_july_2021
https://www.plansponsordigital.com/plansponsor/april-may_2021
https://www.plansponsordigital.com/plansponsor/february-march_2021
https://www.plansponsordigital.com/plansponsor/december-january_2021
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https://www.plansponsordigital.com/plansponsor/august-september_2020
https://www.plansponsordigital.com/plansponsor/june-july_2020
https://www.plansponsordigital.com/plansponsor/april-may_2020
https://www.plansponsordigital.com/plansponsor/february-march_2020
https://www.plansponsordigital.com/plansponsor/december-january_2020
https://www.plansponsordigital.com/plansponsor/october-november_2019
https://www.plansponsordigital.com/plansponsor/august-september_2019
https://www.plansponsordigital.com/plansponsor/june-july_2019
https://www.plansponsordigital.com/plansponsor/april-may_2019
https://www.plansponsordigital.com/plansponsor/february-march_2019
https://www.plansponsordigital.com/plansponsor/december_2018-january_2019
https://www.plansponsordigital.com/plansponsor/october-november_2018
https://www.plansponsordigital.com/plansponsor/august-september_2018
https://www.plansponsordigital.com/plansponsor/june-july_2018
https://www.plansponsordigital.com/plansponsor/april-may_2018
https://www.plansponsordigital.com/plansponsor/february-march_2018
https://www.plansponsordigital.com/plansponsor/december_2017-january_2018
https://www.plansponsordigital.com/plansponsor/november_december_2017
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