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- 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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