Hypothetical Trade-Off Scenarios
Participants are willing to ‘spend’ money to get free money from their employer.
Reported by PLANADVISER staff
The 2020 PLANSPONSOR Participant Survey shows that, if plan participants are given a choice between two benefit options, typically they are about evenly split between those. However, the finding does show a slight preference among participants for guarantees.
The online questionnaire was completed this past September by 1,163 individuals, ages 23 and older, 220 of whom were unemployed.
