2018 defined contribution language studyDownload Executive Summary
"It's not what you say, it's what they hear."®
Despite the great strides plan sponsors have made providing participants with in depth education, many are still challenged in their ability to motivate employees to save for retirement.
DC Plan participants are often overwhelmed by:
The prospect of choosing and managing their investments.
Understanding the basics of their plans.
Determining how much they should be saving for a retirement date in the future.
How to turn their retirement saving into income they won't outlive when they retire.
2018 ReDefined Contribution Language Study
Our 2018 ReDefined Contribution Plans DC language study surveyed more than 800 large-plan participants across age bands — Millennials, Generation X and Boomers. Our language study offers insight and guidance into the impact language can have on plan participants' overall understanding of, and behavior towards three key findings; the company match, target date funds and retirees staying in-plan.