Plan sponsors will do a better job of promoting retirement readiness among their employees during the next five years, according to a new study by Transamerica Retirement Solutions.
In its report, "Prescience 2017: Expert Opinions on the Future of Retirement Plans," the company asked 55 retirement plan experts from 45 organizations across the nation to make predictions about the trends most likely to take place in retirement plans with assets of $25 million to $1 billion by 2017.
Those surveyed estimated that 39 percent of plan sponsors will change their plan design to enhance the retirement readiness of participants; 55 percent will implement automatic enrollment and 45 percent of those will adopt default deferral rates of 6 percent or higher.
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