Page 33 - FebDefComp
P. 33
Automatic
Features 1
The “average” retirement plan
A look back at the average 2016 plan experience
Average plan benchmarks 1
26% able to provide basic income replacement data (for participant in DC 31% plan) 30% Use auto have a formally- deferral increase adopted salary income replacement target 49% Offer a professionally managed alternative A Benchmarking Initiative for Public Sector Perspectives in Practice – RS-41492-03 11
20% Plans using automatic enrollment 1 2017 National Association of Government Defined Contribution Administrators, Inc, -
4 out of 10 eligible employees participate For Advisor and Plan Sponsor use only. Not for use with Plan Participants.
$4,764 Average Annual Deferrals Defined Contribution Plans
