Market Insights

Less than one-quarter of employees indicated they feel completely educated and trained on AI.

Just like auto enrollment and the default selection of target-date funds, the adoption of auto portability was given a push by SECURE 2.0 and the upcoming Saver's Match Program will allow low-income workers to save even more for retirement.

The U.S. Chamber of Commerce reports that there are still approximately 1.7 million workers missing from the post-pandemic workforce.

Employers generally turn to direct contracting expecting lower costs, shared savings, and easy implementation. Most respondents reported expecting savings between 6% to 20%.

Fertility and adoption support are advantageous in attracting and retaining talent as well as supporting employee wellbeing.

The law's student loan matching provision has received high adoption rates from plan sponsors, says Ron Ulrich, ADP's VP of Retirement Services, who discusses key 2024 and 2025 provisions that employers need to take advantage of.