Plan participants, despite sponsors’ efforts at education, stilllack confidence in their ability to evaluate retirement needs andsave and invest enough to meet them — but automatic features such asauto-enrollment and automatic contribution escalation,or auto-escalation, can help bridge the gap.
That’s according to a J.P. Morgan Asset Management research study onplan participants. The resulting white paper, “Guiding Participantsfrom Intent to Action: 2016 Defined Contribution Plan ParticipantSurvey Findings,” said that many plan participants have a number ofreasons to doubt that they’ll be able to retire with enough moneyto meet their needs.
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