1/10/2014 – Participant Activity Offers Clues for Improving Retirement Plans (PlanSponsor)

More employees are participating in employer-sponsored retirement plans, thanks to plan design changes, but there are still improvements that can be made.

The Aon Hewitt 2013 Universe Benchmarks research report analyzes participant behavior across the participation rates, savings levels, plan balances, investments, account activity and demographics of more than 3.5 million employees eligible for defined contribution plans. Four key trends emerged: participation rates hit an all-time high, and saving rates increased slightly; automation plays a strong role in many savings behaviors; leakage declined while continuing to decrease from its peak in 2010; and diversification improved and balances recovered to prerecession levels.

Read the full article at PlanSponsor.