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One

63% – Participation rate in DC plans1

Two

14.1% – Average total savings rate for a DC plan (employee and employer)2

Two

59% – Plans that adopted automatic enrollment3

Four

94%/67% – Participation rates for plans with vs. without automatic enrollment3 

Five

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

Six

82% – Plans that offer a Roth option3

Seven

17% – Employees that contribute to a Roth option3 

Eight

36% – Plan participants that aren’t maximizing their employer’s match4

Nine

16.3 – Average number of funds offered by plans1,*

Ten

2.2 – 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,” 2023

2 Fidelity, “Building Financial Futures,” 3Q 2024 

3 Vanguard, “How America Saves,” 2024

4 Empower, “Empowering America’s Financial Journey,” 2023

* 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.

MFDC055 4223403