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trendspotting | PLANADVISER January/February 2017

Trendspotting Charts

Trends and developments among retirement plan participants.

By PLANADVISER Staff editors@assetinternational.com | January/February 2017

Americans’ Top Financial Concerns

35%
Health care bills
and expenses
 
35%
Lack of
emergency
savings
 
28%
Lack of
retirement
savings
 
27%
Credit
card debt
 
Source: Nerd Wallet

Eligibility And Vesting Policies Curtail Savings

Sponsors who impose gates on their retirement plan

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

Millennials Grasp Importance Of Retirement Savings

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

Participants Not Up To Speed On 401(k)S

 
 
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”

The Robos Are Coming

Assets under management among robo-advisers

Assets under management among robo-advisers have increased 2,500% in 5 years  
Source: CFP Board and Heidrick & Struggles