Market Perspectives: Advisor Resources

2016 DC Conversations: An industry assessment

2016-dc-conversations

BMO Global Asset Management’s DC Conversations: An industry assessment helps financial advisors and retirement plan sponsors have better conversations about the industry trends and behaviors impacting their defined contribution retirement plans. With a comprehensive array of reusable charts and graphs, this guide is designed to assist plan sponsors in evaluating their retirement plan programs against a variety of industry benchmarks.

In today’s rapidly-changing environment, plan sponsors and participants can play an active role in producing better retirement outcomes through the implementation of “automatic” features including auto-enrollment and auto-escalation, optimized plan design, investment monitoring and plan benchmarking. The surveys summarized in this assessment provide current and historical trends in employee benefits. A few highlights of the data compiled include:

  • The percentage of participants deferring below 4% is nearly unchanged at 31%
  • An automatic enrollment feature is utilized in 52% of plans, a 4% increase in one year.
  • Use of Lifecycle/Target Date as a default investment vehicle increased 4% in 2014.

We hope this annual publication will help you have better conversations with your clients and prospects around plan design, administration and potential plan changes. As you discuss automatic enrollment features (page 13), investment options (page 35) or other plan features, use the content in this publication to guide your discussions and achieve better outcomes for plan participants and sponsors alike.

 

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With your download of 2016 DC Conversations, you will receive full access to the entire collection of charts and graphs to use in your own client meetings. To download the report, simply complete the fields below.

Thank you for your interest in 2016 DC Conversations: An industry assessment. We hope this is a valuable tool in your conversations with clients.

 

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We believe better conversations result in better outcomes. Let’s start a conversation today!

1 (844)266-3863

dcio.info@bmo.com

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