Sponsors of defined contribution plans have increased the use automated features in those plans over the past 10 years as they seek to boost plan participation rates, saving rates and balanced asset allocation strategies.
That’s according to Vanguard’s study of DC plans, How America Saves 2017, which also finds that, in addition to the use of such features as auto-enrollment and auto-escalation and the use of target-date funds as qualified designated investment options, during 2016 there have also been steady sponsor contributions—another means of improving participant outcomes.
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