2017
Participant Survey

Industry Trends

OVERALL

Household Finances

48%
57%
33%
39%
Has family budget
Has emergency fund
Is paying off student loan(s)
Uses a financial adviser

Actions Taken in Prior 12 Months

41%
16%
13%
13%
Increased deferral rate
Changed asset–allocation strategy
Rebalanced account
Calculated retirement income

Expected Retirement Age

30%
45%
25%
65 or earlier
65 – 70
70 and after

Deferral Rate

35%
40%
22%
<6%
6% – 10%
>10%

Participants With >10% Deferral Rate, by Age

17%
21%
30%
<30 years old
30 – 50 years old
>50 years old

Participants Who Use a Financial Adviser, By Retirement Savings

15%
48%
60%
<$50k retirement savings
$50k – $250k retirement savings
>$250k retirement savings

Likelihood That Employees Not Covered by a DC Plan Would
Participate in One if It Were Available

75%
18%
7%
Likely to participate
Unlikely to participate
Unsure

Households with Total Retirement Savings <$50,000,
by Household Income

78%
31%
11%
<$50k household income
$50k – $100k household income
>$100k household income

Participants Deferring >6% of Salary, Total Household Income

28%
48%
70%
<$50k household income
$50k – $100k household income
>$100k household income

How Would You Prefer to Receive Information
on Financial Wellness?

16%
15%
21%
21%
27%
Read a short brochure with 3 – 5 actionable steps
Attend a 90–minute group seminar
Read newsletter via email
Browse an interactive, online library
Meet with an adviser for 30 minutes