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Plan sponsors believe DC plans need redesign

Findings from a survey about the defined contribution market shows sponsors think plans need redesigning.

By Marlene Y. Satter | Updated on February 19, 2016
Photo: AP

Defined contribution plan sponsors aren’t confident that participants will have enough money to retire when they hit their planned retirement age. In fact, they believe that DC plans need to be redesigned.

Those are some of the findings from SEI’s survey of the state of the DC market in the U.S., which revealed that 84 percent of plan sponsors don’t think their participants will have enough money saved to be able to retire between ages 62–65.

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