Filed Under:Life Insurance, Life Planning Strategies

5 best practices for boosting DC plan participation

According to Fidelity

Numerous studies bemoan the low contribution levels to employer-sponsored retirement savings accounts. Now comes a report claiming that the implementation of certain plan design changes can boost employees’ retirement savings rates by up to 74 percent.

The source of this assertion, a Fidelity Investments benchmarking report on best practices in retirement plan design, rests its conclusions on an analysis of Fidelity’s proprietary business data of more than two million employees and 600 not-for-profit health care retirement plans. The benchmarking report’s five best practices for improving retirement readiness include:

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Nichole Morford

Nichole Morford
Managing Editor

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