February 6, 2017

Trendspotting Charts

Trends and developments among retirement plan participants.

Reported by PLANADVISER Staff

35%

Health care bills
and expenses

35%

Lack of
emergency
savings

28%

Lack of
retirement
savings

27%

Credit
card debt

Source: Nerd Wallet

41% will not allow participants younger than 21 to participate

24% require participants to be employed on the last day of the year to receive matches

71% require participants to be employed for specific time frames for matches to be vested

Source: Government Accountability Office

69%

Think saving
for retirement
should be mandatory

82%

Think employers
should be
required to offer
retirement plans

77%

Think employers
should offer
matching funds

84%

Want investment
options that reflect
their personal
values

Source: Nerd Wallet

43%

Do not
know how much
they should be
saving

66%

Not
confident
in selecting
investments

76%

Do not
know what
a mutual
fund is

24%

Can’t remember
how they
invested their
401(k)plan

Source: Fisher Investment 401(k) Solutions’ “401(k) IQ in the Workplace Quiz”

Source: CFP Board and Heidrick & Struggles