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Women represent an equal share of defined contribution plan administrators, which bodes well for plan participants. A white paper from Morningstar, “Wonder Women: Why Defined-Contribution Plans Benefit From Female Plan Administrators,” found that approximately 50% of DC plan administrators were women in 2017, up from 30% in 2000.

Women were more likely to demonstrate good plan governance, use automatic enrollment to increase participation, and offer a default investment option, according to the paper. These elements of plan design help improve participants’ chances of saving enough to retire.

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Danielle Andrus

 

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