SURVEY |

2021
Participant Survey

Reported by PLANSPONSOR | Art by Nan Lee
Respondent Profile
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Respondent Profile

Overall Respondent Profile

Age

  • <30
  • 30 – 50
  • >50

Household income

  • <$50,000
  • $50,000 – $100,000
  • >$100,000

Employer size

<100 employees
27%
100 – 499 employees
23%
500 – 999 employees
15%
1,000 – 5,000 employees
15%
>5,000 employees
20%

Most trusted source of information on achieving retirement goals

Family or friends
23%
Employer
15%
Independent media sources
11%
A financial adviser NOT affiliated with employer's retirement plan
27%
A financial adviser that is affiliated with organizations that service employer's retirement plan
23%
Other
1%

Uses a financial adviser

Works with human financial adviser
30%
Works with a computer-based ("robo") advisory service
12%
Does NOT currently work with one but plan to in the future
27%
Does NOT plan to work with one in the future
24%
Unsure/ have not considered
7%

Actions taken in previous 12 months

Increased deferral rate
35%
Changed asset-allocation strategy
11%
Rebalanced account
10%
Calculated retirement income
8%
Decreased deferral rate
7%
Stopped contributing to the plan
5%