How Website Design, Higher Default Rates Can Improve Participant Engagement
Reframing wording for employee contributions and presenting higher default savings options are effective strategies, according to Voya research.
Tag: Default Savings Rate
Increasing DC Plan Default Deferral Rates a Better Driver of Higher Savings
New research evaluates whether a higher default savings rate or a higher match has a greater impact on retirement savings...
Research Shows Employers Can Increase Auto Enrollment Default Savings Rates
Voya Financial says plan sponsors should not be intimidated about raising default savings rates.