TITLE

Will DC Automatic Programs Eliminate Need for Education and Advice in the Workplace?

AUTHOR(S)
Schaus, Stacy L.
PUB. DATE
September 2007
SOURCE
Journal of Financial Planning;Sep2007, Vol. 20 Issue 9, p46
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses defined contribution (DC) programs as the primary source of retirement income aside from Social Security. 64% of U.S. companies consider their DC plan to be the primary company-sponsored retirement program. 91% of employers offer investment education programs, and 37% offer outside investment advice. Participation rates, contribution levels and asset allocation all measure the success of a DC plan. To get more people to participate in DC plans, companies host savings fairs, educational seminars, provide online tools, and send our mailings.
ACCESSION #
26475370

 

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