Younger people may be better prepared for retirement because of regulations imposed in the wake of the Pension Protection Act of 2006 and innovations like auto-enrollment and auto-escalation.

Retirement readiness is within reach for participants in defined contribution plans, according to a new John Hancock white paper, although the odds of their being prepared increase as ages decrease.

The report, “State of the Participant 2020: readiness within reach,” finds that the older participants are, the lower the percentage of those considered retirement ready—defined as having sufficient projected assets by the time they hit the normal Social Security age to replace at least 70 percent of their preretirement earnings.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.