Auto Features Push Plan Participation, Contribution Rates to Highest in a Decade

“Capped by a strong 2019, the 2010s by many measures was the decade of the defined contribution investor, according to Alight’s 2020 Universe Benchmarks report. 

Thanks in large part to employers adopting automatic features, there were more workers participating in plans, the average savings rate was up, more portfolios were diversified and loan use was lower compared to the beginning of the decade, according to the firm’s annual report, which shows how the DC world has changed over the past decade.” Continue reading.

Source: National Association of Plan Advisors