Auto 401k, Where Is It Going And What Impact Is Is Having?

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Retirement Made Simpler

Presentation for Human Resources professionals that discusses the Auto 401K and employee satisfaction results

Economy & Finance Business

[object Object],Automatic 401(k)s: Where is it Going, What Impact is it Having?

Today’s Topics ,[object Object],[object Object],[object Object],[object Object],[object Object]

What Is An Automatic 401(k)? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What Is An Automatic 401(k)? ,[object Object],[object Object]

Plan Sponsor Trends and Research Source, PSCA 52 nd Annual Survey, September, 2009

Plan Sponsor Trends and Research ‘ Fidelity Record Kept Data: Corporate DC Qualified Auto Features Plans,’ December, 2008

Plan Sponsor Trends and Research ,[object Object],[object Object],[object Object],[object Object],[object Object]

Plan Sponsor Trends and Research ‘ 10th Annual Transamerica Retirement Survey ,’ April, 2009

Plan Participant Trends and Research ,[object Object],[object Object],[object Object]

Plan Participant Trends and Research ,[object Object],[object Object],[object Object],Automatic Enrollment Employed Adults Were Automatically Enrolled 2008 2009 2008 2009 Positive (Net) 77% 69% 92% 88% Very 33% 26% 54% 44% Somewhat 44% 43% 38% 44% Negative (Net) 23% 31% 8% 11% Very 5% 9% 1% 1% Somewhat 18% 22% 7% 10% Specific question asked: Generally speaking, how do you feel about a 401(k) plan that automatically enrolls employees unless an employee chooses to opt out?

Plan Participant Trends and Research ,[object Object],Automatic Escalation Employed Adults Enrolled in Automatic Escalation 2008 2009 2008 2009 Positive (Net) 65% 57% 91% 87% Very 23% 18% 60% 40% Somewhat 42% 39% 31% 47% Negative (Net) 35% 43% 8% 13% Very 9% 15% 1% 2% Somewhat 26% 28% 7% 11% Specific question asked: Generally speaking, how do you feel about automatic escalation of 401(k) contributions, where, for example, a company would automatically increase an employee’s contribution to their 401(k) account for 1% each year?

Plan Participant Trends and Research ,[object Object],Agreement with Statement I feel more loyal to my company when they help me to save for my retirement All Employed Adults Employed Adults Whose Companies Offer a 401(k) Plan Participate in a 401(k) Plan Were Automatically Enrolled Enrolled in Automatic Escalation 2009 49% 49% 53% 50% 53% 2008 53% 53% 59% 62% 68%

Investor Education ,[object Object],[object Object],[object Object]

Investor Education ,[object Object],[object Object],[object Object],[object Object],[object Object]

Putting It All Together: Company Success Story ,[object Object],[object Object],[object Object],[object Object],[object Object]

Putting It All Together: Company Success Story ,[object Object],[object Object],[object Object],[object Object]

Putting It All Together: Company Success Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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