401(k)s: Is participation more important than deferral rates?
Research suggests that boosting deferrals is indeed the more significant metric in building success in retirement plans, though it may require some participant education.
By Andy Stonehouse|December 14, 2012 at 06:23 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
While it’s been generally acknowledged that a high rate of participation is the appropriate benchmark to gauge the success of an employer-sponsored DC plan, a new research project has revealed that other factors might be better used to measure 401(k) plan success.
Diversified recently polled a swath of plan sponsors and found that, to the contrary, participation rates are no longer seen as the primary driving factor in plan success. This year’s survey showed that only 52 percent of plan sponsors judge participation rates as the appropriate benchmark, down considerably from 2011.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
It’s no secret that health benefits have struggled to keep up with workforce expectations during the Great Resignation. Remaining competitive means employers must streamline their health benefits, put employees first and deliver on brand values. Download this guide to help your clients gain an edge in 2022 with their health benefits.
Amid mass resignations and record-high job openings, employees are now firmly in the driver’s seat when it comes to where and how they work. So, how are you going to stand out in this highly competitive market? This guide outlines a forward-thinking health benefits strategy that will ensure your company remains competitive in 2022 and beyond.
Millennials and Gen Z value tobacco and nicotine cessation more than ever before, but quit programs must adapt to their evolving needs. New research indicates successful quit programs have three key facets. Download this interactive ebook to learn how to set your company apart with an effective quit services benefit.