99% of plan sponsors agree that they have a duty to prepare employees for retirement
51% of plans don't measure participant progress toward retirement preparedness
66% of sponsors who measure progress feel better about employees' retirement preparedness
Our study finds that plans sponsors who set specific goals for participant retirement readiness--and have metrics in place to measure them--are more likely to achieve their goals.
Does retirement planning stop at retirement? The employer-employee relationship is evolving toward a continuum of service beyond retirement.
Plans are adding financial wellness programs and other tools and resources to address the potentially adverse effects that loans, hardship withdrawals, and cashouts may have on employees' retirement preparedness.
How Plan Sponsors of Larger 401(k) Plans Are Aiming for Retirement Preparedness: A Human Resources Perspective
85% of plan sponsor indicate that helping employees save for a financially secure retirement is a major goal of their 401(k) plan.
Examining the attitudes and behaviors of 401(k) participants
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.