Making it easier for employees to save for retirement through plan enhancements has boosted plan participation and savings, but no one plan feature or strategy is enough.
That's according to Deloitte's 14th "Annual Defined Contribution Benchmarking Survey," which found that plan sponsors and providers have upped their game in offerings intended to boost employee engagement and increase savings.
In fact, the number of plans offering step-up contributions rose substantially, from 46 percent or respondents last year to 62 percent in 2015.
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.