RESEARCH |
2019
DC Survey: Plan Benchmarking
Data Sweep: Our latest findings on DC plans—for benchmarking a plan against its peers or just gleaning some new solutions
Reported by PLANSPONSOR
| Art by Daniel Shaffer
2019 Survey
Default Deferral Rate
While there is clear evidence that adopting automatic plan features can improve participation rates and participants’ asset allocation, there is less conclusive data on how such features affect participant savings rates. The good news is that default deferral rates are rising, as the percentage of plans where the deferral rate exceeds 3% has increased for five straight years and now stands at nearly 50%. However, deferral rates across all respondents seem to have clustered around 7% and appear indifferent to the default rate.
Default Deferral Rate
- ≤2%
- 3%
- 4%
- 5%
- ≥6%
- other
