• 57 percent of large employers (those with more than 1,000 workers) use auto-enrollment in their 401(k) plans.
  • 39 percent of large employers auto-enroll new hires, while 18 percent auto-enroll all employees.
  • 3 percent of large employers will implement auto-enrollment by next year, and 18 percent are thinking of doing so.
  • 85 percent of large employers with auto-enrollment saw less than 10 percent of their workers opt out of the retirement plan.
  • 72 percent of large employers use target-date funds as the default option.
  • 18 percent of employers currently offer annuities or plan to do so in the next year.
  • Of the employers who offer annuities to their workers, 79 percent say less than 5 percent choose them.
  • Of the 18 percent of employers who suspended or reduced matching contributions, 49 percent haven't reinstated it.

Source: Towers Watson

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