dC plan participation rate
Automatic enrollment implemented for:
Average
Median
adviser
74.7%
80.0%
no adviser
72.9%
78.0%
New employees only
All employees
adviser
58.7%
41.3%
no adviser
62.4%
37.6%
Please rate your dC provider’s participant services
1=Poor; 7=Excellent adviser no adviser
Participant communication materials 5.97 5.87
Overall participant education program 5.75 5.63
Clarity of participant statements 6. 10 6.03
Enrollment assistance 5.97 5.90
Focus on participant asset allocation 5.80 5.68
Accuracy of participant statements 6.44 6.44
Timeliness of participant reporting 6.31 6. 28
Turnaround time—loans/withdrawals 6. 35 6.31
Internet services for participants 6. 27 6. 21
Participant call center 6.00 5.91
Range of investment options 6. 29 6. 18
Retiree services/payments 6.08 6.02
Fees for participant services 5.63 5.59
Primary reason organization implemented
auto-enrollment
Enrollment meetings and other education/
communication methods were not
successful in getting employees to
participate.
Our organization wanted to be more
proactive in helping employees save.
adviser
5.5%
no adviser
4.9%
56.7%
60.1%
We needed more participation from non-highly compensated employees in order
to pass discrimination tests.
16.1%
13.6%
The Pension Protection Act made the
automatic enrollment feature more
attractive to our organization.
12.6%
14.4%
how often do you formally evaluate your dC provider?
adviser no adviser
31.8% 23.3%
13.5% 11.6%
16.2% 15.6%
22.3% 25.1%
9.3% 13.5%
6.9% 10.9%
Other reason.
9.1%
7.0%
Annually
Every 1 to < 2 years
Every 2 to < 3 years
Every 3 to < 5 years
Every 5+ years
Never
employees eligible to participate in the plan:
adviser
30.1%
26.3%
11.4%
32.3%
6.9%
Immediately upon hire
Within 3 months
After 4 to 6 months
After more than 6 months
Never
no adviser
37.7%
24.3%
9.8%
28.2%
10.9%
default investments for automatic enrollment
adviser
8.8%
43.3%
13.9%
0.1%
15.1%
6.2%
6.3%
6.3%
Stable value fund/GIC
Target-date fund
Risk-based lifecycle fund
Company stock
Balanced fund
Managed account
Money market fund
Other (please specify)
no adviser
8.9%
47.8%
14.3%
0.2%
16.8%
3.3%
4.2%
4.6%
Use automatic enrollment?
Yes
No
adviser
29.5%
70.5%
Implemented auto-deferral contribution acceleration
adviser no adviser
12.3% 16.2%
87.7% 83.8%
no adviser
29.8%
70.2%
Yes
No
