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Automatic Plan Features, Planning Tools, Mobile Apps – What’s Next for the US Retirement Industry?
Categories : Blog
Tags : plan sponsor analytics DC record keeping Record Keeping Software Retirement technology Internet of Things IoT Mobile Apps Plan administrator Plan participant
Author : admin
Auto features like auto enrollment, auto deferral increase (ADI) have put millennials on path to retirement readiness# is a recent claim by the PLANSPONSOR® magazine. When we compare participation rates, saving rates, equity allocation percentages from a voluntary enrollment plan to those of an automatic enrollment plan, they are looking promising. In the PLANSPONSOR® study, 3.6% was the average deferral rate in a voluntary plan, and in the automatic enrollment plan it was 4.2%.