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Plan sponsors ready to help participants, just not now

When asked about their top objectives, nearly half of plan sponsors put increasing participants savings rates first or second on their priority list. Other major goals are improving communication and education efforts, improving investment outcomes, facilitating optimal retirement income replacement and increasing participation rates.

By Paula Aven Gladych | Updated on December 20, 2012

Defined contribution plan sponsors have made a lot of progress in the past two years in helping plan participants prepare for retirement. According to the Defined Contribution Institutional Investment Association’s 2012 Plan Sponsor Survey, plan sponsors know what they need to do but are hesitant to do it.

When asked about their top objectives, nearly half of plan sponsors put “increasing participants’ savings rates” first or second on their priority list. Other major goals are improving communication and education efforts, improving investment outcomes, facilitating optimal retirement income replacement and increasing participation rates.

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