FYI: Retirement plans are successfully adapting to many of the changing needs of workers and employers, according to a long-running survey of plan sponsors.
Plans are becoming easier to enroll in, more personalized and more flexible when it comes to withdrawals—and these trends have correlated with a rise in participation rates, according to the 2019 Trends & Experience In Defined Contribution Plans survey from Alight Solutions.
More than half of the 240 employers surveyed, 56%, said that at least 90% of their eligible workers participate in a defined contribution plan, up significantly from 2017, when 46% of employers reported a 90% or greater participation rate.
Regards,
Ted
https://www.fa-mag.com/news/evolving-dc-plans-linked-to-significant-increases-in-participation-51856.html?print
