Some other findings from the report:

Roth deferrals have been widely adopted, with 79% offering these enhanced saving features, up from 37% in 2010.
Almost half of plans offer managed accounts, with the largest plans being most likely to have them in their lineup (87%).
Less than a quarter of respondents use their record keepers target date option, and that is expected to fall too even more to 21% in 2021. Additionally, 15% of sponsors say they will change their TDF manager.
Although about 70% of employers offer a financial wellness program, respondents ranked their effectiveness at just 6.4 out of 10 on average. "The programs that had the highest ratings were those that have been in place between three and six years, suggesting that programs designed more recently with sufficient time to implement and socialize the programs are the most effective," according to the report.
There's very little interest in joining a MEP or PEP as of yet, with roughly three-quarters of sponsors across all plan sizes saying it was "very unlikely" for them to do so, fearing loss of control over plan administration. However, roughly one in 10 said they were unsure and awaiting further guidance before deciding.

Related:

Instant Insights /

Fees, governance top concerns for DC plan sponsors