2020
DC Survey: Plan Benchmarking
2020 Survey
Default Deferral Rate
Many factors influence participant outcomes, but savings rates are often viewed as one of the best measures of long-term success—participants who save more stand to accumulate more over time. Because of this, it is encouraging to see that automatic enrollment continues to push savings rates higher: The percentage of defined contribution plans with a default deferral rate over 3%, a common benchmark, reached 52% this year—an all-time high. Not surprisingly, higher default deferral rates are also correlated with higher average overall participant deferral rates.
Default Deferral Rate
- ≤2%
- 3%
- 4%
- 5%
- ≥6%
- Other
Unique defined contribution (DC) benchmarking tools based on feedback from roughly 3,000 employers
PLANSPONSOR Industry Reports in a nutshell:
- 65+ pages in PDF format
- Cover DC plans in 50 different industries
- Compare client plans to others in the same industry and asset class, and overall
- Available with your firm's branding or logo on every page
- Distributable to sales staff or adviser network; post on your client site behind registration
Availability: December 2020
Download more information here.
Contact Rob Reif / 212-217-6906 / robert.reif@issmediasolutions.com
