RESEARCH | August 25, 2017 2017 Participant Survey Reported by PLANSPONSOR | Art by Dadu Shin Industry Trends Navigation IntroductionState of the IndustryIndustry TrendsRESPONDENTSOVERALLMethodology 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 PURCHASE REPRINTWANT MORE INFO? 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 WouldParticipate 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 Informationon 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 Looking for a PDF copy? Visit our Store! visit