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One

68% – Participation rate in DC plans1

Two

13.8% – Average total savings rate for a DC plan (employee and employer)2

Two

56% – Plans that adopted automatic enrollment3

Four

93%/66% – Participation rates for plans with vs. without automatic enrollment3 

Five

6% – Average participant salary-deferral rate for plans using automatic enrollment1

Six

77% – Plans that offer a Roth option3

Seven

15% – Employees that contribute to a Roth option3 

Eight

30% – Plan participants that aren’t maximizing their employer’s match4

Nine

16.2 – Average number of funds offered by plans1,*

Ten

2.3 – Average number of funds used by participants1

Your financial professional can help ensure your plan is designed for better participant outcomes.

 

 

1 T. Rowe Price, “Reference Point,” 2022

2 Fidelity, “Building Financial Futures,” 3Q 2022 

3 Vanguard, “How America Saves,” 2022

4 Empower, “Empowering America’s Financial Journey,” 2022

* Each target date or target risk series offered counts as one fund

This material is provided for educational purposes only.

Hartford Funds Distributors, LLC, Member FINRA.

MFDC023 2804999