|Objective||Actions to Take||Outcomes|
|Increase plan participation rate.||Implement automatic enrollment (AE) |
Implement employer-matching contributions.
|Plans with automatic enrollment have a 57 percent higher participation rate than plans without AE.
Plans with an employer match have a 53 percent higher participation rate.
|Increase employee savings rate.||Implement an Annual Increase Program (AIP).||Employees in plans with an Annual Increase Program save at a 74 percent higher rate.|
|Strengthen employee asset allocation.||Use a target date fund as the default investment option.||The number of employees with an age-based asset allocation increases by 73 percent.|
|Increase employee engagement in retirement planning.||Make education and guidance resources available to employees.||Thirty-eight percent of employees who received guidance from Fidelity took action.|
|Measure retirement readiness.||Determine metric to measure readiness and communication to employees.||Fifty-three percent of not-for-profit sponsors have established a retirement readiness metric.|
July 28, 2015
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Focus on retirement income, not investment return
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