1
3
The majority
are staying the course
Nearly did not make any plan contribution or investment changes as a result of the COVID-19 crisis
four in five
Say they tend to stay the course in volatile markets
9 10
The struggle
of information overload
Do not take time to read all the investment information provided by the plan
Participants are
more confident in
their savings
2
Participants
report needing
direction
4
The rise of
‘do it for me’
5
2
3
5
4
13%
More participants expect their savings to last throughout their lifetimes, up from 2016
2016
2021
44%
57%
+13%
Feel they are presented with more plan information than they can absorb
52
%
2016
2021
55%
62%
+7%
wish they could completely hand over retirement planning, up from 2016
62%
7%
More want to push an easy button
51
%
of respondents are willing to
spend time planning for retirement but don’t know where to start
This increases to 65% in younger
respondents under the age of 30
65%
51%
think employers should provide access to financial professional help
This increases to 74% in younger
respondents under the age of 30
74%
66%
have calculated how
much to accumulate
47%
are concerned about outliving their assets
69%
85% of participants welcome
Help with post-retirement income in plan
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would only do so if it was free
58%
would meet with a financial coach available through their employer
79%
70% of participants want
Help from financial
professionals
Only of those respondents are invested in one
28%
are interested
in TDFs
89%
53% of participants want
Help selecting
investments
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Only 35% of those respondents
are actually doing so
35%
believe they should contribute at least
10%
74%
75% of participants want
Help with
contribution advice
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2021 trend
“Give me more help”
5
The rise of
‘do it for me’
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