Wednesday, March 2nd, 2022
A biweekly topical newsletter from PLANSPONSOR
Boosting DC Plan Outcomes
Data and information about plan design, communications and participant needs, to help boost employee retirement plan engagement and outcomes.
Data and Research
DC Plan Participant Savings Rates Can Be Boosted ‘By the Penny’
Reframing savings rates to pennies over percentages has proved useful in theory to boost participation and has shown success when put into practice.
More Social Security Communications Could Bolster Participant Outcomes
A study finds most people do not engage with Social Security’s online portal to factor in the amount of retirement income Social Security will provide until they reach benefit age.
DC Plans Use Pension Features to Improve Retirement Outcomes
DC plans are taking on more and more features that primarily used to be associated with defined benefit plans, to some success, but more work lies ahead in building lifetime income options for participants.
Plan Design Strategies to Boost Retirement Outcomes for Low-Income Participants
Sponsors have a toolbox of plan design and benefit approaches they can use to boost retirement outcomes for low- and moderate-income earners.
DC Plan Design Can Be Creatively Used to Get Participants Back on Track
Dr. Shlomo Benartzi says the pandemic is a perfect time to use plan design features that tap into behavioral science.
Measuring DC Plan Success Requires Going Beyond Common Metrics
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
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