PLANSPONSOR - October/November 2019 - 39

Participant Education and Advice
Financial wellness has made many headlines recently, and plans
seem to be taking note, as 2019 saw across-the-board increases
in financial education offerings. Only 38% of plans fail to give
participants access to such resources, which seems high given
the almost universal agreement (96%) that financial wellness is at
least slightly useful to participants. Investment advice is also more
common and now exists in 81% of plans. One-on-one advice is
still the preferred strategy, at 45% of plans, but proprietary recordkeeping
solutions, at 42%, has narrowed the gap in recent years.
Investment Advice Offerings
45%
25%
3%
One-on-one
meetings
with adviser
Independent
third-party
services
Recordkeeper's
proprietary
offerings
Other
source
19%
No
investment
advice
Types
of Financial Education/Guidance Offered
Saving strategies
Investing basics
Credit/Debt management
College saving
Home buying
Rolling into plan - For new hires
49%
43%
26%
23%
15%
37%
Rolling out of plan - For separating workers 32%
Do not offer financial education
38%
When Offered, Financial Wellness Programs
Are Very Useful to Employees/Participants
Agree strongly
Agree moderately
Agree slightly
Disagree slightly
Disagree moderately
Disagree strongly
37%
35%
24%
3%
1%
0%
Sponsor Sentiment
Sponsors' confidence in the impact of
their
retirement benefits
continues to grow. More than 35% of sponsors now " strongly "
or " moderately " agree that employees will reach their retirement
goals by age 65, while 92% feel they have a responsibility to
improve employee financial wellness. Sponsors are more split as
to the best way to deal with separated employees. While 41%
of respondents admitted to having no preference on the topic,
the remainder almost evenly divided over whether such balances
should be retained in-plan (31%) or rolled out of the plan (27%).
42%
Employees Will Reach Retirement Goals by Age 65
Agree strongly
9%
Agree moderately
Agree slightly
Disagree slightly
Disagree moderately
Disagree strongly
28%
32%
16%
10%
5%
Company Has Responsibility to Improve Employee
'Financial Wellness'
Agree strongly
Agree moderately
Agree slightly
Disagree slightly
Disagree moderately
Disagree strongly
31%
35%
26%
4%
3%
1%
Organization's Preference for Retired/Separated
Employees With Material Account Balance
l Actively campaigns to
keep assets in plan
l Prefers assets stay in plan
but does not encourage it
l Prefers assets roll out of
plan at separation
l No preference
27%
41%
19%
13%
PLANSPONSOR.com October - November 2019 39

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PLANSPONSOR - October/November 2019

Table of Contents for the Digital Edition of PLANSPONSOR - October/November 2019

Investment-Driven
2019 DC Survey: Plan Benchmarking
Projecting Participant Outcomes
Just Around the Corner?
The Search for Basis Points
It Could Be Time to De-Clutter
PLANSPONSOR - October/November 2019 - C1
PLANSPONSOR - October/November 2019 - FC1
PLANSPONSOR - October/November 2019 - FC2
PLANSPONSOR - October/November 2019 - C2
PLANSPONSOR - October/November 2019 - 1
PLANSPONSOR - October/November 2019 - 2
PLANSPONSOR - October/November 2019 - 3
PLANSPONSOR - October/November 2019 - 4
PLANSPONSOR - October/November 2019 - 5
PLANSPONSOR - October/November 2019 - 6
PLANSPONSOR - October/November 2019 - 7
PLANSPONSOR - October/November 2019 - 8
PLANSPONSOR - October/November 2019 - 9
PLANSPONSOR - October/November 2019 - 10
PLANSPONSOR - October/November 2019 - 11
PLANSPONSOR - October/November 2019 - 12
PLANSPONSOR - October/November 2019 - 13
PLANSPONSOR - October/November 2019 - 14
PLANSPONSOR - October/November 2019 - 15
PLANSPONSOR - October/November 2019 - 16
PLANSPONSOR - October/November 2019 - 17
PLANSPONSOR - October/November 2019 - 18
PLANSPONSOR - October/November 2019 - 19
PLANSPONSOR - October/November 2019 - 20
PLANSPONSOR - October/November 2019 - 21
PLANSPONSOR - October/November 2019 - 22
PLANSPONSOR - October/November 2019 - 23
PLANSPONSOR - October/November 2019 - 24
PLANSPONSOR - October/November 2019 - 25
PLANSPONSOR - October/November 2019 - Investment-Driven
PLANSPONSOR - October/November 2019 - 27
PLANSPONSOR - October/November 2019 - 28
PLANSPONSOR - October/November 2019 - 29
PLANSPONSOR - October/November 2019 - 30
PLANSPONSOR - October/November 2019 - 31
PLANSPONSOR - October/November 2019 - 2019 DC Survey: Plan Benchmarking
PLANSPONSOR - October/November 2019 - 33
PLANSPONSOR - October/November 2019 - 34
PLANSPONSOR - October/November 2019 - 35
PLANSPONSOR - October/November 2019 - 36
PLANSPONSOR - October/November 2019 - 37
PLANSPONSOR - October/November 2019 - 38
PLANSPONSOR - October/November 2019 - 39
PLANSPONSOR - October/November 2019 - Projecting Participant Outcomes
PLANSPONSOR - October/November 2019 - 41
PLANSPONSOR - October/November 2019 - 42
PLANSPONSOR - October/November 2019 - 43
PLANSPONSOR - October/November 2019 - Just Around the Corner?
PLANSPONSOR - October/November 2019 - 45
PLANSPONSOR - October/November 2019 - 46
PLANSPONSOR - October/November 2019 - 47
PLANSPONSOR - October/November 2019 - The Search for Basis Points
PLANSPONSOR - October/November 2019 - 49
PLANSPONSOR - October/November 2019 - It Could Be Time to De-Clutter
PLANSPONSOR - October/November 2019 - 51
PLANSPONSOR - October/November 2019 - 52
PLANSPONSOR - October/November 2019 - 53
PLANSPONSOR - October/November 2019 - 54
PLANSPONSOR - October/November 2019 - 55
PLANSPONSOR - October/November 2019 - 56
PLANSPONSOR - October/November 2019 - C3
PLANSPONSOR - October/November 2019 - C4
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https://www.plansponsordigital.com/plansponsor/march_april_2024
https://www.plansponsordigital.com/plansponsor/january_february_2024
https://www.plansponsordigital.com/plansponsor/november_december_2023
https://www.plansponsordigital.com/plansponsor/september_october_2023
https://www.plansponsordigital.com/plansponsor/july_august_2023
https://www.plansponsordigital.com/plansponsor/may_june_2023
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
https://www.plansponsordigital.com/plansponsor/october-november_2020
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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