The average participation rate in employer-sponsored retirement plans is 78.3 percent, up marginally from last year, but well above the 69.8 percent rate 10 years ago, according to Aon Hewitt's 2014 Universe Benchmark Survey.
The recently released report says the increase has been clearly aided by automatic enrollment.
Plans with automatic enrollment saw their average participation rate grow to 84.6 percent last year, up from 81.4 percent the previous year.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.