Defined Contribution

2019 DC Conversations: An industry assessment

BMO Global Asset Management’s DC Conversations: An industry assessment helps retirement plan advisors lead better conversations with plan sponsors about industry trends and behaviors impacting defined contribution retirement plans.
September 2019
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BMO Global Asset Management’s DC Conversations: An industry assessment helps retirement plan advisors lead better conversations with plan sponsors about industry trends and behaviors impacting defined contribution retirement plans. With a comprehensive array of reusable charts and graphs, this guide is designed to assist plan sponsors in evaluating their retirement plan programs against a variety of industry benchmarks.

In today’s rapidly-changing environment, plan sponsors and their advisors can play an active role in producing better retirement outcomes for plan participants by optimizing plan designs. The surveys summarized in this assessment provide current and historical trends in employee benefits. Highlights of the data compiled include:

  • An auto enrollment feature is utilized in 61% of all plans – up from 46% in 2011.1
  • Participation rates decreased by 5 percentage points from last year.1
  • International equity is an option in 96.3% of plans, yet on average, participants have 3 or fewer international fund options – compared with 9 or more choices for domestic equity.2
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1 Source: PSCA 2018
2 Percentage of plans with audited 401(k) filings offering the specified investment option, 2016. Source: BrightScope Defined Contribution Plan Database

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