Among the other survey findings:

During the COVID-19 crisis in 2020, 33 percent of plan participants said they increased their contribution rate, while 10 percent said they decreased it and 57 percent left their contribution rate unchanged.
Almost three in four plan participants said the COVID-19 crisis will have no impact on when they plan to retire, while 17 percent said they plan to retire earlier and 9 percent said they plan to retire later.
Plan participant respondents said their retirement age goal was 63 on average, compared to 65 among those without a plan.
Asked how confident they were in their ability to smartly invest their assets in retirement, 42 percent of plan participants said they were "very confident" compared to 18 percent without a DC plan.
Four in 10 plan participants feel their retirement plan is fully on track, while just 14 percent without a DC plan said the same.
Plan participants are in growth mode. Fifty percent said "grow my assets" was their primary investment objective compared to 21 percent without a DC plan, who were far more likely (56 percent) to say their objective was generate steady income.

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Offering ESG options in 401(k) plans may increase contributions: Schroders